By Business Report
HARARE: Anglo Platinum has completed construction of a smelter at its Unki mine in Zimbabwe and the mining group’s chief executive will open the beneficiation facility together with President Emerson Mnangagwa next week.
AngloPlat, alongside Impala Platinum and Sibanye-Stillwater, is the operational platinum group metals miners in Zimbabwe.
The mineral-rich southern African country intends to add more producers in the coming years as the Darwendale project, which has Russian investors and Karo Resources make progress.
The Zimbabwe government has been pressurising platinum group metal (PGM) miners to beneficiate the precious metal from inside the country.
Harare had also threatened a 15 percent levy on exports of platinum that is not beneficiated but this has been postponed, with Finance Minister, Mthuli Ncube saying the platinum miners have made progress with refinery projects.
AngloPlat is one such company that the government says has made progress and according to Mpumi Sithole, spokesperson for the company, the Unki smelter will be opened on December 12.
The government is, however, still tightening the noose regarding indegenisation requirements as it is expected that Harare will maintain a policy requiring foreign platinum miners to be majority owned by black local groups.