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Mimosa mining company latest news The next part of the contract – lasting about two years up to March 2024 – covered the civil works and the electrical infrastructure and Dec 29, 2023 · Source: The Chronicle – Breaking news Deputy Minister Polite Kambamura (in white shirt) being shown TSF4 under construction by Mr Ndiyamba Patrick Chitumba, Patrick. It would replace the Jun 9, 2025 · Bryn MatongoSTAFF WRITER AUTHORITIES have pledged to financially rescue Mimosa Mining Company to overcome its operational challenges that have seen the firm To access this post, you must purchase a subscription. The operations were suspended in 1971 and Blore Shaft was established, from which 90,000t of ore was processed in 1975. In response to the challenging market conditions, nine of the affected employees opted for early retirement, while 24 chose voluntary separation packages, as Oct 6, 2022 · MIMOSA Mining Company says it plans to inject US$100 million towards the development of a new shaft to extend the mine’s lifespan to 22 years. 5 million ounces of platinum. Please click the button below to visit our subscriptions page to select a package Jun 11, 2024 · Platinum miner Mimosa Mining Company has suspended its $134 million North Hill project due to a challenging operational environment and declining global prices. Jun 9, 2025 · AUTHORITIES have pledged to financially rescue Mimosa Mining Company to overcome its operational challenges that have seen the firm downsize its staff complement. Harare Office. chitumba@chronicle. 1% increase in tonnes milled and a 3% rise in 6E concentrate production, despite a slight 0. The project is now 90% complete Mar 3, 2025 · The Mimosa Mining Company, owned by Sibanye-Stillwater and Implats, had appointed SRK Consulting (South Africa) to conduct the detailed design of TSF4 – and this was completed in May 2022. O Box 7969 Newlands Harare Zimbabwe +263242 / 797578 / 797580 / 708106 / 791375 / 799842-9. This area has a resource of 1. The mine, jointly owned by Impala Platinum and Sibanye-Stillwater, is facing headwinds from a prolonged slump in PGM prices, alongside challenges related to Mar 6, 2024 · Mimosa’s actions are just the latest example of how the global price slump is impacting the country’s mining sector, with other companies like Zimplats and Karo Platinum also forced to Mar 6, 2024 · Mimosa previously said it planned to spend up to US$100 million to develop a new mining area, called North Hill. The Zvishavane-based firm is one of three platinum May 6, 2024 · Despite facing intermittent power disruptions and challenging ground conditions, the country’s second-biggest platinum group metals (PGM) producer, Mimosa Mining Company, has demonstrated remarkable resilience with a notable 13% increase in production. . The project is primarily being developed by Jun 10, 2024 · PLATINUM miner, Mimosa Mining Company, has put its US$134 million North Hill project on hold due to a challenging operational environment, characterised by declining global prices among other Jun 10, 2025 · According to leaked financial records and internal documents, Mimosa Mining Company, a joint venture between the two firms, has been accused of funnelling millions of dollars to shadowy companies Nov 16, 2023 · PLATINUM miner, Mimosa Mining Company (MMC) has almost completed construction of a new US$75 million tailings storage facility (TSF), which comes with a water dam. Jun 9, 2025 · Mimosa’s current life of mine stands at eight years, but the company is actively pursuing the development of the North Hill ore body, which could add 12 to 15 more years of production. zw PLATINUM group metals producer, Mimosa Mining Company, is abandoning its plans for an independent refinery at its Zvishavane premises citing economic feasibility concerns. Mimosa Mining Company Read our latest press releases, and find out more about our community initiatives and safety record. This comes after Mimosa last year embarked on cost reduction and cash conservation initiatives by rationalising more than 30 managerial and supervisory employees. Mimosa has since announced its Jun 3, 2024 · Mimosa Mining Company has entered into an agreement with Zimplats, the country's largest platinum group metal (PGM) producer, to use Zimplats' Base Metal Refinery (BMR) to maximize the nation's Mar 6, 2024 · Mimosa, Zimbabwe’s second largest platinum-producing mining company, recently undertook a significant workforce reduction, retrenching 33 managers and supervisors due to a persistent 35% decline in metal prices since April 2023. This expansion will enable Zimplats to handle not only its own concentrates but also toll-process material from Mimosa Mining Company starting in January,” said Minister Chitando. 6% decrease in grade, Mining Zimbabwe can report. By Rudairo Mapuranga The company, jointly owned by Impala Platinum Holdings (Implats) […] Apr 17, 2025 · The Kashime copper mine project, located in the Upper Lusemfwa area of Mkushi district in Zambia, has received authorisation to start mining operations. co. News. Google map Feb 18, 2025 · Zimbabwe’s second-largest platinum group metal (PGM) producer, Mimosa Mining Company, has once again demonstrated its operational strength with a 3. Nov 18, 2019 · Mining operations at Mimosa platinum mine began in 1926 and two vertical shafts were sunk with trial mining starting in 1966 when 40,000t of platinum was processed. by Rudairo Mapuranga According to Impala Platinum Holdings Limited (Implats), which holds a 50% stake in Mimosa, the company’s strategic Dec 7, 2024 · “The Zimplats smelter’s capacity has been increased threefold, which is a major breakthrough for the platinum sector. 12 Kenilworth Road P. General Manager Stephen Ndiyamba announced the decision, citing a significant drop in platinum prices and other operational challenges. axnvayjuczkklanogbajgbezbrmmrevbyyvenpcymewkeegksrempmm