Platinum production in Zimbabwe increased by 4.6 per cent to 50,421 oz in the first quarter of 2008.

Investment into the platinum mining sector by Impala Platinum and Anglo Platinum has increased the country's output, according to reports from Mineweb.

Anglo Platinum began a platinum extraction project at its Unki mine in Zimbabwe, adding to the increased production of the precious metal.

Zimbabwe's mining industries have been dogged by speculation surrounding a controversial mining rights bill and the figures are welcome news to the sector, according to John Kaumba, a resource analyst with a local bank.

He told Mineweb: "These figures have brought some good news at last about Zimbabwe's mining sector which is currently weathering a storm owing to the government's policies."

Zimbabwe has the second largest platinum reserve in the world but political issues have meant some investors are unwilling to consider the prospect of spending in an unstable climate.



Source:

Zimbabwe’s 1Q08 platinum output rises - and nickel surges, 14/05/08
http://www.mineweb.com/mineweb/view/mineweb/en/page35?oid=52980&sn=Detail