Categories: Stories

Zimbabwe to construct $200 million platinum refinery with Australian firm

“As government we will direct the mining companies to sell at market prices to the facility. We have made it clear that as soon as a refinery is built locally, we would want processing done locally. South Africa actually has a law where you can’t take concentrate to process it outside the country,” said Chidhakwa.

Kelltech director Keith Liddell told the press conference that the refinery would employ a patented technology known as Kell Process which consumes less electricity compared to conventional refineries.

Currently, all three platinum miners which operate in Zimbabwe – Anglo American Platinum (Amplats)’s Unki Mine, the Impala Platinum owned Zimplats and Mimosa Mine, a joint venture between Sibanye Gold and Impala, send their matte for refining in South Africa.

Zimplats has said construction of its smelter is nearing completion while Unki expects to complete its refinery facilities in the second half of next year.

Mimosa has said that its operation is too small to sustain its own refining facility but would work with other mines over time to put one in place. – The Source

(221 VIEWS)

Don't be shellfish... Please SHARE
Google
Twitter
Facebook
Linkedin
Email
Print

This post was last modified on May 17, 2017 2:19 pm

Page: 1 2

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

Zimbabwe International Trade Fair plans to turn exhibition centre into commercial complex

The Zimbabwe International Trade Fair (ZITF) has announced an ambitious long-term plan to turn the…

April 25, 2024

ZiG falls against US dollar

Zimbabwe’s new currency today fell against the United States for the first time since its…

April 25, 2024

ZiG plays havoc on the Zimbabwe Stock Exchange

Zimbabwe’s new currency has wiped out a more than 330% gain on the stock market…

April 24, 2024

Jonathan Moyo tells Mushayavanhu to stick to monetary policy and leave money changers to the police

One bane of recent public discourse in Zimbabwe is not only that it is never…

April 23, 2024

ZiG kicks off third week on a stronger note

Zimbabwe’s new currency kicked off its third week on a stronger note raising questions as…

April 22, 2024

Zimbabwe asks US to tell its banks they can now deal with Harare

Zimbabwe Finance Minister Mthuli Ncube is asking the US government to tell banks that they…

April 20, 2024