Zimbabwe government may force platinum miners to set up refineries

Concerned about the un-taxed export of byproducts refined from platinum, the Zimbabwean government is considering drafting laws that would force platinum mining companies to set up refineries.

News Day reports that the government is taking action as a way to stem the loss of revenue and jobs to South Africa:

"They should start setting up refineries before we force them to do so,” said (Mines and Mining Development Minister Obert) Mpofu. “If they don’t do it on their own then I will be formulating laws that will stop the exportation of concentrates to South Africa."

Platinum byproduct minerals for export, such as gold and vanadium, are not taxed by the government.

Zimbabwe recently tried to stop raw chrome from being moved out of the country, mostly by Chinese mining companies, according to News Day.