Zimplats in R7.4bn refinery upgrade

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Zimplats121 Independent Newspapers. Zimplats operations. Photo: Supplied.

Harare - The Zimbabwean unit of the world's second largest platinum producer Implats will spend $690 million (R7.4 billion) to upgrade its base metals refinery, the chief executive officer said on Wednesday.

“It will be build in two stages. The first stage will cost $190 million ... we expect stage two will cost $500 million,” Alex Mhembere, the chief executive of Zimplats told an analyst briefing in Harare.

Zimplats is 87 percent owned by Implats. - Reuters

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