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US$500m expansion to go ahead

President Robert Mugabe speaking during his 87th birthday celebrations last month named Zimplats, Nestle Zimbabwe and 400 British-owned companies for take-over under Zanu PF’s indigenisation policy.

 

But Chindove said the company would go ahead with its expansion plans.

Under the phase two expansion project, Zimplats expects to increase its annual platinum output to 270 000 ounces from 180 000 ounces once it is completed in 2013.

Chindove said Zimplats had submitted its indigenisation proposals to government and hoped to reach an amicable agreement.

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