Resource News

Bloomberg reported platinum-mining companies in Zimbabwe will probably be processing the metal in the country by the middle of next year.

Bloomberg reported platinum-mining companies in Zimbabwe will probably be processing the metal in the country by the middle of next year.

As quoted in the market news:

Producers “should certainly see the commissioning of beneficiation of platinum projects by mid next year,” Chamber of Mines President Alex Mhembere told lawmakers on Friday in the capital, Harare. The organization represents most medium- and large-scale miners in the country.

Zimbabwe’s government has repeatedly warned miners of the precious metal that taxes and royalties will be raised unless the mineral is smelted in the country, rather than in neighboring South Africa. A 15 percent levy was added in January. Producers in the country include Anglo American Platinum Ltd., and Impala Platinum Holdings Ltd., the world’s two biggest for the metal.

Click here for the full Bloomberg report

Featured

MARKETS

Markets
TSX20197.61+15.69
TSXV702.09-3.49
DOW31261.90+8.77
S&P 5003901.36+0.57
NASD11354.62-33.88
ASX7145.60+81.10

COMMODITIES

Commodities
Gold1846.53+0.13
Silver21.75+0.03
Copper4.30+0.02
Palladium1968.65+11.53
Platinum957.67+3.19
Oil110.35-1.86
Heating Oil3.62-0.05
Natural Gas8.06-0.25

DOWNLOAD FREE REPORTS

×