By ETimes

Platinum production in Zimbabwe rose 2% to 121 000 ounces in the first quarter ended 31 March 2022 from 118 000 ounces in the comparative period, latest data shows.

Figures from the World Platinum Investment Council (WPIC) quarterly global production report shows that Zimbabwe’s platinum output declined 5% from 127 000 ounces in Q4 2021 to 121 000 ounces in Q1 2021.

The country’s platinum production guidance remained unchanged at 465 000 ounces in 2022.

In 2021, the country’s platinum output stood at 475 000 ounces, representing a 6% increase from 448 000 ounces recorded in 2020 as the backlog of semi-finished inventory was processed through South African smelters and refineries.

The southern African nation has three main platinum producers; Unki, Mimosa and Zimplats, which is the largest. Zimbabwe is envisioning a US$12 billion mining industry by 2023. Of the US$12 billion, gold, platinum diamonds will contribute US$4 billion, US$3 billion and US$1 billion respectively. Chrome, iron ore and carbon steel will contribute US$$1 billion while coal and hydrocarbons will contribute the same. Lithium at US$500 000 while other minerals will constitute US$1.5 billion – HARARE

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