Zimbabwe’s New Mine Laws May Prevent Platinum Surplus, Standard Bank Says
Bloomberg reported if Zimbabwe withdraws the mining license of Zimplats (ASX:ZIM), it may produce less platinum next year, preventing a global surplus.
Bloomberg reported if Zimbabwe withdraws the mining license of Zimplats (ASX:ZIM), it may produce less platinum next year, preventing a global surplus.
Bloomberg reports Zimplats (ASX:ZIM), a unit of South Africa’s Impala Platinum Holdings Ltd. (JNB:IMP), posted fourth- quarter operating profit of $69.6 million.
Zimplats Holdings Limited (ASX:ZIM), Impala Platinum’s Zimbabwe unit, plans a $500 million mine expansion of its Ngezi project. Zimplats Holdings Limited is quoted saying: “Zimplats remains fully committed to the development of its resource base for the benefit of the country and all its stakeholders.” Click here to access the entire news.
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