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[Ferro-Alloys.com]UNKI mine produced 16 000 equivalent refined platinum ounces in the second quarter to June 30, 2015, about 7 percent higher than the comparative period last year, the company has said.
In its second quarter production report covering April to June 30, 2015, Anglo American Platinum, Unki's holding company, said however, only 1 300 ounces in concentrate was dispatched after the suspension of export of concentrate in April as negotiations over export taxes were undertaken with the Government.
In view of the potential to beneficiate platinum, Government introduced an export tax at a rate of 15 percent, with effect January this year in a move designed to force platinum companies to build refineries.
Value addition and beneficiation form one of the key pillars of the economic blueprint for 2013 to 2018 Zim-Asset.
Zim-Asset, that aims to achieve sustainable development and social equity on the back of judicious exploitation of the country's abundant human and natural resources, is built around four strategic clusters namely: Food Security and Nutrition; Social Services and Poverty Eradication; Infrastructure and Utilities; and Value Addition and Beneficiation.
"Following the agreed postponement of the taxes, the export of concentrate re-commenced on July 3, 2015, with concentrate stockpiled at the mine.
"Mine's production converted to equivalent refined production using Amplats' standard smelting and refining recoveries," Anglo American Platinum said.
The suspension of export of platinum concentrate is one measure Government has undertaken to ensure the viability of miners.
Last month, Government also lifted a ban on the export of chrome ore to allow for the export of up to 30 million tonnes of chrome ore (lumpy, fins and concentrates) over and above the export of processed ferrochrome.
Government also reviewed the current royalty fees for chrome ore to 5 percent from 2 percent, while export tax of 20 percent was removed to allow chrome ore producers to generate income to increase smelting capacity.
Electricity tariffs were also reviewed downwards to 6,7 cents per kilowatt hour for chrome ore producers in order to assist chrome ore producers to operate viably to allow them to create investment capacity in smelting.
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- [Editor:sunzhichao]
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