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News: ZIM Implats says its, Zimplats' boards approve development of Mupani mine in Zimbabwe

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    Nov 30 (Reuters) - Impala Platinum Holdings Ltd IMPJ.J :

    • Implats and Zimplats boards of directors have given their respective approvals to proceed with development of $264 million Mupani mine at Zimplats
    • New underground mining complex replace production from Rukodzi mine and Ngwarati mine once they are mined out and closed
    • Life-of-mine expected to be 25 years, increase Zimplats mineral reserves to approximately 9 million ounces of platinum

 
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