Minister loses patience with Chinese miner

via Minister loses patience with Chinese miner 16/09/2014

MINES minister Walter Chidhakwa has summoned Chinese platinum miner, Global Platinum Resources, over concerns that the company was holding on to claims for speculative purposes.

Chidhakwa said Global Platinum officials are expected into the country next week to update government on their business following its licensing nearly three years ago.

“They are supposed to brief me where they are because the statement I have made is we will not tolerate people who seat on claims,” Chidhakwa told The Source in an interview.

“So they have indicated a desire to come and see me and tell me (where they are), so I’m waiting for them to come and see me and tell me where they are and what they intend to do. Their lawyer is coming in the next week.”

Officials at the platinum miner would not comment.

Global Platinum is a joint venture of Norinco International Cooperation, a state-owned Chinese engineering company and the Zimbabwe government’s mining investment arm, Zimbabwe Mining Development Corporation (ZMDC) on concessions taken from Impala Platinum.

In June last year, the company indicated that it was ready to start mining in September that year.

Zimbabwe has the second known platinum reserves in the world after South Africa, positioning the capital intensive mining sector as the anchor of the economy.

Mining accounts for 55 percent of Zimbabwe’s export receipts.

COMMENTS

WORDPRESS: 7
  • comment-avatar
    Shenanigans 8 years ago

    Seize it from the Chinks and give it to Russchrome/Rosstock/ZDI alliance of Lavrov’s Russkys

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    JRR56 8 years ago

    Maybe the minister will be remided of the bribes paid for this concession that was stolen from Impala.

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      “For the company of hypocrites will be barren and fire will consume the tents of bribery.” Job 15:34

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    John Thomas 8 years ago

    Grow up you delinquent ZANU minister. Speculation is the essence of business. It is the only force that brings criminal politicians like you and your larcenous boss to heel.

  • comment-avatar

    Only in Zimbabwe are companies forced to pay the government if they do not earn money from their assets! No wonder no one wants to invest their money! ZANU-PF seems to excell at writing laws that penalize normal behavior in order to raise more money.

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    anti zanu 8 years ago

    Bob screw u

  • comment-avatar
    Tongoona 8 years ago

    Is this the meaning of indigenization? Are the Chinese indigenous to this country? Is this the meaning of Zimbabwe for Zimbabweans? I want you Zpf fools to answer.