Zim renews platinum refinery threat

[miningmx.com] – A DEADLINE for submission of plans for a platinum group metal refinery in Zimbabwe has expired but the southern African country has renewed its threat that it will impose raw material export levies.

Secretary for Mines and Mining Development, Francis Gudyanga, “extended an invitation’ to companies including the local units of Anglo American Platinum and Impala Platinum Holdings to bid for the rights to build platinum and base-metal refineries to which the country’s producers would be compelled to send their ore, said Bloomberg News citing a January 3 letter to producers.

In the letter, the government said it was “… reiterating its resolve to enforce the two-year period window, which ends in 2014, after which exports of raw platinum concentrates will not be permitted’.

Click here to read the full article