JOHANNESBURG - SOUTH African platinum miners in Zimbabwe have sunk back into uncertainty as the government insists on the implementation of a 15percent levy on unprocessed platinum exports next year.
Anglo Platinum, Sibanye Gold and Impala Platinum said this would put a major financial strain on their bottom lines . This week Implats reportedly threatened to shut down its Mimosa co-owned mine.
Economist Vandudzai Zirebwa said Implats and Sibanye were in a “very tricky” situation regarding the beneficiation aspirations of Zimbabwe. “Surely you cannot operate on a loss position? However, communities and government need also to benefit from such huge operations.
"There is a need for information-sharing and dialogue between the involved parties before such drastic measures (as closing down the Mimosa mine) are taken,” said Zirebwa.
Sources privy to deliberations on the issue told Business Report that tensions had been boiling amid growing frustrationabout the levy, with Implats charging that its investments were not being fully appreciated. “The Implats board has discussed the issue at great lengths and there is a feeling that the 15percent levy will be a major drain,” said one source.