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Zimplats sees significant H1 fall

JOHANNESBURG (miningweekly.com)- Overpowered by the impact of lower metal prices, JSE-listed platinum miner Zimplats has reported net cash inflows of $6.5-million for the period ended December 31, 2015 – a significant decrease from the $107-million recorded during the same period last year. Cash operating cost per platinum ounce produced decreased to $1 235, down 17% compared with the same period in the prior year, owing to the adoption of stringent cost management measures following the metal price collapse.