Platinum miner
Speaking in parliament recently the
The rationale of the move on the government's part was aimed at giving the miners breathing space to create adequate savings to build their own refineries.
"But
"They were given massive tax incentives to build a refinery. Up to now, they have not built a refinery," Biti said.
He said official pronouncements indicate that the company is sitting on 26 million ounces of platinum that are on the 104 sq km of land in Selous with validated platinum reserves of 176 million tonnes.
"These are already rich companies in terms of what they have underground. So, to continue giving them tax incentives when they are actually not properly accounting to
"This will enable us to know what it is getting from the gold that comes from platinum, the lithium that comes from platinum, the palladium that comes from platinum, the rhodium that comes from platinum and the silver that comes from platinum is simply not good enough," Biti said.
But speaking exclusively to NewZimbabwe.com Business this week,
"Let me deal with the issue of the mineral declarations first. I think if you also consult with the
Chindove insisted that the country at large is deriving benefit from the proceeds realised in their sale.
"In terms of value addition, I think perhaps we also need to understand that there is a value addition process already existing from the mining stage to the process stage up to the production of the product which is then exported. That is value added to a large extent.
"But it is just that when people are talking about local beneficiation , they will normally be looking at the refinery and I am happy to say that within the
Copyright New Zimbabwe. Distributed by AllAfrica Global Media (allAfrica.com)., source