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BRIEF-Implats says its, Zimplats' boards approve development of Mupani mine in Zimbabwe

Published 30/11/2016, 05:19 pm
Updated 30/11/2016, 05:20 pm
© Reuters.  BRIEF-Implats says its, Zimplats' boards approve development of Mupani mine in Zimbabwe

© Reuters. BRIEF-Implats says its, Zimplats' boards approve development of Mupani mine in Zimbabwe

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 Further company coverage: IMPJ.J

(Bengaluru Newsroom: +91 806 749 1136)

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