Mimosa Invests US$100 Million to Extend Platinum Mining Lifespan
ZVISHAVANE- Mimosa Mining Company is set to invest US$100 million in developing a new shaft to extend its mine’s lifespan from 10 to 22 years, ensuring long-term sustainability in Zimbabwe’s platinum sector.
General Manager Steve Ndiyamba told reporters during a tour of the Zvishavane mine that exploration at North and South Hill claims has been completed.
“We’re making a bold investment—North Hill alone needs US$100 million to add 12 more years to our operations. If further exploration proves viable, we could push beyond 22 years and possibly hit 30,” he stated.
Mimosa holds just 4% of Zimbabwe’s Great Dyke mineral belt, making it the smallest platinum resource holder among the country’s three major producers, alongside Zimplats and Unki.
Despite this constraint, the company supports local platinum refining, aligning with the government’s beneficiation drive.
“A smelter here is possible, and our feasibility studies confirm it would cost between US$80 million and US$100 million.
“The issue isn’t feasibility—it’s the numbers. With only 22 years of mining left, recovering that investment alone is unrealistic,” Ndiyamba explained.
He emphasized the need for industry-wide collaboration, stating, “The smartest move is partnership. If Zimbabwe is serious about platinum beneficiation, we must work as an industry and process our minerals locally.”
With platinum mining playing a critical role in Zimbabwe’s economy, Mimosa’s expansion plan signals a broader industry push to secure sustained production and long-term viability.
-Pindula
