Reuters reported Zimbabwe's $300 platinum mining fee will rise to $2.5 million to discourage the holding of speculative claims.
Mining Weekly reported Zimbabwe’s proposal to increase mining royalties in the gold and platinum sectors could lead to a plunge in production according to the African Development Bank.
Reuters reported Zimbabwe Zimplats (JSE:IMP) to pay $28.3 million in outstanding royalty payments, which the platinum miner is disputing.
Reuters reported Zimbabwe is considering banning the export or raw platinum.
Reuters Africa reported Zimbabwe's Mimosa mine has given a 10 percent stake to locals in an attempt to meet a controversial law.
Reuters reported Anglo American Platinum (JSE:AMS) will hand over a 10 percent stake in its Unki project in Zimbabwe to locals.
Reuters reported Impala Platinum's (JSE:IMP) Zimbabwe unit has submitted a revised plan to comply with a local ownership law.
Mining Weekly reported Impala Platinum (JSE:IMP) announced that its Zimplats subsidiary will invest a significant amount of funds in a third expansion.
Reuters Africa reported Impala Platinum's (JSE:IMP) Zimbabwe unit said on Monday metal production fell 13 percent during the July-September quarter.
Reuters reported Prime Minister Morgan Tsvangirai said Zimbabwe's local ownership rules for foreign mining companies are too stringent.
Wednesday, January 25, 2012