Zimbabwe to construct $200 million platinum refinery with Australian firm

Zimbabwe plans to construct a 300 000 tonne platinum refining plant in a joint venture with an Australian-based firm Kelltech at an estimated cost of $200 million, Mines Minister Walter Chidhakwa said today The southern African nation, which holds the world’s largest platinum deposits after South Africa, will only implement a ban on exports of  platinum concentrate after completing construction of the facility, Chidhakwa added, effectively postponing a punitive 15 percent tax meant to come into effect next year.