Zimplats eyes 200,000oz PGM output by mid-year

SYDNEY-based Zimbabwe Platinum Mines said its Ngezi mine in Zimbabwe is expected to reach full production of about 200,000 ounces of platinum group metals by mid-year, according to Bloomberg.

With production costs forecast at US$231 per platinum ounce due to its relatively shallow depth, Ngezi will be much cheaper to mine than its South African rivals.