Published: 06 September 2017

Platinum production in Zimbabwe decreased to 105 000 ounces in the second quarter of this year, a 13 percent decline compared to the same period last year, the World Platinum Investment Council (WPIC) has said.

The WPIC- which is funded by the six leading platinum mining companies.

"Supply from Zimbabwe decreased to 105 koz in Q2'17 (-9% on Q1'17 and -13% year-on-year), as output returned to planned levels after concentrate stock that built up following a smelter problem was processed in 2016," it said.

The WPIC expects total world platinum supply to decrease by 2% year-on-year to 7,795 koz in 2017 (Chart 5), as both primary and secondary supply are anticipated to decline this year.

The refined production is projected to fall by 1% to 5,970,000 ounces with Zimbabwe contributing 45,000 ounces decline South Africa production will drop by 15,000 ounces, Russia 10,000 ounces. Only North America will see an increase in output of 10,000 ounces this year.

Production from Zimbabwe is estimated to fall by 9% to 445,000oz.



- BusinessDaily

You might also want to read this

• Zimplats records slump in production
• Government mulls incentives for Zimplats
• Zimbabwe to unveil platinum policy
• Global platinum market headed for surplus
• New mining status costs Zimplats
• Mnangagwa's crony gets Zimplats claims
• Zimplats hands over 24,000 hectares to govt
• Zimplats to lease claims to ranchers
• $4.2bn platinum deal on schedule
• Govt steps up platinum value addition efforts