The government today gave platinum producers two years to start refining the metal. Mines Minister Obert Mpofu said Zimbabwe wanted to derive more benefit from the resource by having a refinery in the country rather than having metal refined in South Africa. “For some time the country has not realised significant value from the platinum sector beyond the traditional statutory payments. Consequently, the ministry has decided that beyond two years, it will stop processing exports for semi-processed platinum products. This is expected to give way for companies to begin channelling resources towards value addition through establishing a PGM (platinum group metals) refinery in the country.”
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