South Africa: Zim's Mimosa Platinum Records Rise in Output

Mimosa platinum mine, a joint venture between Aquarius Platinum [JSE:AQP] and Impala Platinum [JSE:IMP], is on a strong footing after production for the quarter to end-June rose by 5% to 60 000 ounces, according to Aquarius chief executive officer Jean Nel.

Nel said Mimosa reduced its cost overheads in a difficult environment. Most companies in Zimbabwe are severing ties with employees in a bid to cut costs, with the courts also ruling on Monday that payment of workers' allowances is not a must for employers.

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