Platinum Investing News » Zimplants confirms PGM decline for Q1 of 2010

Zimplants confirms PGM decline for Q1 of 2010

May 7, 2010 @ 12:33 am In Platinum Company News

PGM production has declined in the the first quarter of 2010, Zimplants confirmed on Monday. This was compared to the 94,670 oz of production in Q4 of 2009 to this quarter's 93,845 oz.

Zimplants' announcement includes the finalization of their Ngezi Phase II expansion project. The project is a total of $445 million strategy. The project is set to include the development an underground mine which will come up with a two million tonnes-per-year and a two million tonnes-per-year concentrator module.

Click here to access the entire Press Release ^[1]

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[1] Click here to access the entire Press Release: http://www.miningweekly.com/article/zimplats-approves-technical-aspects-of-445m-ngezi-expansion-2010-05-03