SA platinum shares drop on Zimbabwe ultimatum

Zimbabwe’s largest gold producer is negotiating with potential partners to boost production at its Shamva mine.

Meeting is considered pivotal for the UN body, expected to finalize its decade-long effort to enact regulations by 2025.

There was a similar boom-bust cycle in 2016-2017 but the difference this time is that no-one seems to be expecting a speedy recovery.

The African Development Bank has agreed to finance a feasibility study for the project, at a cost of about $4 million.