FLASH: Zimbabwe tightens platinum beneficiation policies to boost local industry

Source: Mysteel Nov 12, 2024 16:45

Zimbabwe's Ministry of Finance on Monday announced a series of measures to strengthen the country's platinum beneficiation efforts, Mysteel Global has learned from a social media post of the ministry.

The government has already imposed a 5% beneficiation tax on exports of unprocessed platinum, a move aimed at encouraging mining companies to establish local processing facilities. This tax is intended to drive investments in beneficiation infrastructure, ensuring that more value is retained within Zimbabwe, the post said. In addition, the Zimbabwean government has