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Anglo Unit Says Tax Spat Threatens Zimbabwe Platinum Operation

  • Unki Mines appeals to high court to intervene in dispute
  • Zimbabwe tax authority tries to seize $24 million from account

Anglo American Plc’s platinum operation in Zimbabwe asked the high court to intervene in a bid by the nation’s tax authority to seize $24 million in a dispute over royalties. 

Unki Mines Ltd., owned by Anglo American Platinum Ltd., lodged an urgent court application against Zimbabwe Revenue Authority, which has sought to garnish funds from the company’s account at the local unit of Standard Bank Group Ltd.