Zimplats in R7.4bn refinery upgradeComment on this story
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