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Home » Platinum miners owed US$228 million in export proceeds
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Platinum miners owed US$228 million in export proceeds

written by Adelaide Moyo, Group Managing Editor 0 comments
Zimbabwe is home to the world’s second-biggest known deposits of platinum after South Africa
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PLATINUM group metals (PGMs) producers in the country are facing operational bottlenecks and liquidity constraints as the government owes mining companies more than US$228 million in unpaid export surrender proceeds. Speaking at the PGMs Symposium at the ongoing Chamber of Mines Annual Conference, Chairman of the Chamber of Mines Platinum Producers Association, Alex Mhembere, revealed…

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Adelaide Moyo is a business and financial journalist based in Zimbabwe. With a keen eye for detail and a deep understanding of market complexities, Adelaide consistently breaks down complex financial concepts and business trends into accessible, compelling narratives for a diverse readership. She specialises in areas such as macroeconomics, corporate finance, investment, and the critical issues impacting Zimbabwe's economy, including currency developments, the informal sector, climate change, and illicit trade. Adelaide is a recipient of national awards for her reporting in different sectors of the economy. She is also a member of the Oxford Climate Journalism Network.

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