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Platinum Mine Fees in Zimbabwe Set to Rise to $2.5 Million
Jan. 25, 2012 02:08PM PST
Precious Metals Investing
Reuters reported Zimbabwe’s $300 platinum mining fee will rise to $2.5 million to discourage the holding of speculative claims.
Reuters reported Zimbabwe’s $300 platinum mining fee will rise to $2.5 million to discourage the holding of speculative claims.
As quoted in the market news:
The government will soon announce the changes, which will mostly target the growing platinum and diamond sectors, Prince Mupazviriho, the permanent secretary in the mines ministry, told the state-controlled Herald newspaper.
The application fee for a prospector’s licence for platinum would also soar, to $500,000 from $150, the newspaper said, citing a draft schedule prepared by the ministry.