Zimbabwe to Increase Royalties Payable by Platinum Miners

Zimbabwe

South Africa

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Metals & Mining

United Kingdom

Move aimed at making platinum producers process the precious metal locally, Mines Minister Obert Mpofu tells reporters in capital, Harare. Semi-processed ore will attract more charges than refined ore, Mpofu says "We have become a source of cheap raw material and we need to improve on the value of our minerals, especially our precious minerals, and that should stop": Mpofu Minister didn’t disclose proposed new fees; country currently charges 10% royalty on platinum, according to ministry figures

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