Zimbabwean President Robert Mugabe is threatening to halt exports of raw platinum to South Africa unless three producers set up a refining plant in the country.
“Let us close our doors immediately and say no raw platinum will go to South Africa,” the state-controlled Herald newspaper cited Mugabe as saying to members of his ruling party at an address in the Zimbabwean capital of Harare.
Former Mines Minister Obert Mpofu had given mining firms “two years and we must see them now arranging to build a refinery,” Mugabe was cited as saying. “If they have not started, after that warning, building a refinery then when the time comes for us to demand that all refining has to be done here they should not blame us.”
Source: http://www.businessweek.com/news/2013-11-09/mugabe-threatens-to-halt-raw-platinum-exports-to-south-africa
Add to My Watchlist
What is My Watchlist?