Precious Metals

Platinum Today reported that Zimplats Holdings Ltd. (ASX:ZIM), the Zimbabwean unit of Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY), has upped its production capacity by 48 percent since commissioning a new phase-two concentrator earlier in 2013.

Platinum Today reported that Zimplats Holdings Ltd. (ASX:ZIM), the Zimbabwean unit of Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY), has upped its production capacity by 48 percent since commissioning a new phase-two concentrator earlier in 2013.

As quoted in the market news:

The miner has upped production capacity from 4.2 million tonnes per year of ore milled to a maximum of 6.2 million tonnesfrom the Selous production plant and Ngezi production plant.

Zimplats corporate affairs manager Busi Chindove told reporters: ‘The commissioning of a second concentrator at Ngezi has boosted our production from the 4.2 million to 6.2 million tonnes per annum, which is quite a big margin in terms of sustainable growth and development.’

Currently the miner is producing 180,000 platinum ounces, 145,000 palladium ounces and 16,000 ounces of rhodium per year.

Click here to read the full Platinum Today report.

MARKETS

Markets
TSX20180.60+0.79
TSXV678.50-1.99
DOW33912.44+151.39
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NASD13128.05+80.87
ASX7032.50-38.50

COMMODITIES

Commodities
Gold1778.440.00
Silver20.250.00
Copper3.60-0.02
Palladium2149.280.00
Platinum935.000.00
Oil88.58-0.83
Heating Oil3.43+0.01
Natural Gas8.83+0.10

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