Zimbabwe to End Tax Relief for Miners to Spur Mineral Processing

Zimbabwe said it won’t grant further tax relief to mining houses from next January in a bid to force them to complete plants to process raw materials.

The country’s platinum industry has already made progress in developing a base metal refinery plant, which is expected to come on line next year, the Ministry of Finance said Monday in a statement posted on X. Zimplats Holdings Ltd. has so far spent $29 million on the $190 million project.

“Government has already introduced 5% beneficiation tax on the export of un beneficiated platinum, with a view to compel mining houses to invest ...