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Amplats Zim unit raises output as platinum price projected to rise

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Harare - Zimbabwean mine Unki, owned by Anglo American Platinum (Amplats) [JSE:AMS], on Thursday announced a 7% increase in 2016 fourth-quarter production to 19 900 ounces, driven by increased tonnes milled and higher grade.

Third-quarter production was at 18 600 oz, up from 18 200 in the comparative quarter in 2015.

A quarterly update released by parent company Amplats showed that tonnes milled at Unki were 9% higher than what was milled the previous quarter.

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