Platinum Group Metals (PGMs) miner Zimplats has revealed that it achieves significantly lower energy costs through self-generation compared to purchasing power from local suppliers or neighbouring countries.
Mining weekly quoted company chief executive Alex Mhembere as saying at the London Indaba that while Zimplats currently imports some electricity from Zambia at $0.12/kWh, this option offers minimal savings over domestic procurement from Zimbabwe, where tariffs have risen to $0.60/kWh.
The most economical solution comes from Zimplats' own power initiatives, which cost just $0.03/kWh.
A key component of this strategy is the company's solar energy program, structured in five phases.
The first phase, completed in October 2023, is already delivering substantial savings and enhancing energy security.
Mhembere stressed the importance of proactive engagement with government stakeholders, noting that while perspectives may differ, constructive dialogue is essential to maintaining operational viability.
He highlighted mining's role in driving rural development, with companies like Zimplats often serving as de facto infrastructure providers in remote areas where they operate.
Mhembere also outlined Zimplats' self-reliant approach to critical utilities, citing examples such as power imports from Mozambique over the past decade, construction of access roads, and installation of a 330 kV substation to facilitate direct international power purchases.
“In Zimbabwe, you don’t necessarily have to wait for government to do it, because then it will not happen in time for your own business. So we take charge and we work around it,” he said.
Mathew Nyaungwa, Editor-In-Chief, Rough & Polished
