Search Results for "Zimbabwe"

Zimbabwe May Revoke Platinum Export Tax if Refinery Built

Reuters reported that the Zimbabwe government would consider removing a tax on raw platinum exports, but only if mining companies build a refinery and process platinum locally. The 15 percent tax was implemented January 1, but according to Mines Minister Walter Chidhakwa, the platinum tax could be removed.

Russian Consortium to Build $3 Billion Platinum Mine in Zimbabwe

Reuters reported that a consortium of Russian companies is planning to develop a platinum mine in Zimbabwe. The $3 billion project will target 250,000 ounces of annual production within three years, with Mines Minister Walter Chidhakwa stating that the project would have a mine life of 20 years.

Major Zimplats Platinum Mine Collapses in Zimbabwe

All Africa reported on Monday that Zimplats CEO, Alex Mhembere, confirmed the collapse of a major underground mine in the country. The CEO stated that the mine collapsed because of rising deterioration of ground conditions, according to All Africa.

Russian Consortium to Explore Zimbabwe Platinum Field

ITAR-TASS reported that a group of Russian companies including Vneseconombank, Russian Vi Holding and state defense conglomerate Rostec are planning to explore a platinum field in Darwendale in Zimbabwe. The platinum field is thought to be the second largest in the world, according to ITAR-TASS.