{{Zimbabwe’s plan to build a platinum refinery recieved a boost after platinum miners met the deadline for submission of proposals to construct it by the end of 2016
\nPresident Robert Mugabe’s ZANU-PF government set a deadline of 18 January 2014 for companies to send in proposals to build the refinery or risk seeing a ban implemented on raw exports of the metal.}}<\/p>\n
The refinery, which will include a 600MW power plant, will cost an estimated US$3.2bn, the government said.<\/p>\n
“They have submitted to us their proposals and we are evaluating them,” said mines and mining development minister Walter Chidhakwa.<\/p>\n
“They have made a commitment that they will continue to support Zimbabwe and the setting up of a platinum refinery is one of their aspirations,” Chidhakwa added.<\/p>\n
Zimbabwe\u2019s platinum industry, the second largest in the world, is currently producing 12,190 kg of annual metal output, closing in on 14,174 kg required to effectively run a refinery.<\/p>\n
Asides the platinum refinery, a newspaper report stated that Zimbabwe also plans to develop a coal methane project as well as a precious mineral development centre to \u201ccut and polish\u201d diamonds in bid to drive economic growth, estimated to grow 4.2 per cent this year.<\/p>\n
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