Revised Assessments Leave Impala’s Zimbabwe Unit Owing $33.8 Million

Bloomberg reported that revised revenue-authority assessments have left Zimbabwe Platinum Mines, which is part of Impala Platinum Holdings Ltd. (OTC Pink:IMPUY), with a minimum of $33.8 million in tax liabilities.

As quoted in the market news:

Zimbabwe has been pushing mining companies to meet rules to sell 51 percent of domestic operations to locals. Zimplats said in March it presented an acceptable plan. Empowerment Minister Saviour Kasukuwere said on Sept. 19 platinum mining companies including Zimplats were compliant. Impala declined to comment.

Click here to read the full Bloomberg report.