ZIMPLATS Holdings (Zimplats) reports that it spent US$395 million on the Bimha and Mupani mine development and upgrade projects as of March 31, 2024, against a total project budget of US$468 million.
The projects will replace production from Rukodzi Mine (which was depleted in FY2022), and Ngwarati and Mupfuti mines (which will be depleted in FY2025 and FY2028, respectively). The ASX-listed miner said US$340 million has been spent to date on the smelter expansion and SO2 abatement plant while US$27 million has been spent on the 35MW solar plant project to date.
“A total of US$27 million has been spent on the Base Metal Refinery refurbishment project, against a budget of US$190 million,” Zimplats said in a production update.