By Staff Reporter
Zimplats, the country’s largest platinum mining company, has approved a new capital investment worth 1.8 billion United States dollars.
The announcement comes hard on the heels of the signing of a memorandum of agreement for the proposed expansion project witnessed by President Emmerson Mnangagwa in October this year.
In an update to investors, Zimplats revealed that the board had approved the proposals which will result in the mining giant establishing a base metal refinery.
The development of a new mine, expansion of a smelter, construction of an additional concentrator base metal refinery, sulphuric acid plant and the setting up of a 110 megawatt solar power plant are some of the features of the expansion project.