Change of plan: Construction of the ‘box cut’ at Kuvimba’s Darwendale site
Kuvimba Mining House will develop its Darwendale platinum project as an open pit rather than the previously planned underground mine, CEO Trevor Barnard said, speeding up the delayed venture as platinum prices rise.
Barnard says Kuvimba had shifted from its “big bang approach” and would start with an open pit at an initial cost of $50 million. “That is quite a change in scope and phasing,” Barnard said. “It’s very difficult to raise $450 million specifically for a platinum project and in Zimbabwe.”
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Source: NewZWire
