Monday , June 5 2023

Zimbabwe plans refinery for the country's platinum mines-budget document


Harriman, Nov 22 (Reuters) – Zimbabwe is planning to build a precious metal refinery that will platinum all over the country's platinum mines, a budget statement released on Thursday.

The country, which is home to the second largest in the world, will platinum concentrate in 2019.

Without giving details, the budget statement said Impala Platinum's local unit Zimplats had shelved its $ 131 million project to refurbish a base metal refinery.

It was not clear who would be behind the new project or its shareholders.

Zimplats chief executive Alex Mhembere did not respond immediately to his calls to his mobile phone.

Implats and Anglo American Platinum have operations in Zimbabwe, while Sibanye-Stillwater also has a joint venture with Implats in the country.

Privately owned Karo Resources has previously said it was $ 4,2 billion platinum mining project, including a precious metals refinery in Zimbabwe.

A Russian consortium and Zimbabwean investor is developing a platinum project in Darwendale near Harare.

The project was stalled under former president Robert Mugabe, who was resigned after a coup last year, but when Russian Foreign Minister Sergei Lavrov visited Zimbabwe in March. (Reporting by MacDonald Dzirutwe. Editing by Jane Merriman)

Our Standards:The Thomson Reuters Trust Principles.
Source link