Zimbabwean Mines Minister urges Implats to setup base-metal refinery

Zimbabwean Mines Minister urges Implats to setup base-metal refinery

Walter Chidhakwa, the Zimbabwean Mines Minister, discussed the possibility of Impala Platinum Holdings base-metal refinery in the region. Implats Chairman Khotso Mokhele discussed the issue in detail with the Zimbabwean minister.

Zimbabwe is having the second largest reserves of platinum in the world. The government plans to bring mining operations in the country, to improve the economy and push up the exports. The country has seen contraction of more than 40 percent from year 2000 to 2008.

Implats informed that the company is considering setup of base-metal refinery in Zimbabwe. The platinum majors have been facing tough times in South Africa for past few years due to worker’s strike. AMCU has called for major strike for pay revision in South Africa in last week of January. Due to stalled production, three major platinum miners are facing loss of revenue.

Implats said that the company will make a formal announcement only after it reaches an agreement with Zimbabwean government. The discussions between the government and Zimplats have been going on for quite some time now.

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