Northam Platinum winds up Zambezi Black economic deal
The company said that it would buy back all preference shares from its Black economic empowerment vehicle, Zambezi Platinum, four years ahead of its 10-year maturation date.
Metal neared $1,600 an ounce after Iran said it would no longer abide by any limits on its enrichment of uranium following the killing of General Qassem Soleimani.
News comes at a difficult time for Zimbabwe, with its economy forecast to contract 6.5% this year because of crippling foreign-currency, fuel, wheat and power shortages.