Resolute Mining says it will pay Mali $160 million in tax dispute
The company’s shares in Sydney were suspended on Thursday, after tumbling 40% since news of the detention of CEO Terry Holohan.
Impala Platinum Holdings Zimbabwe unit Zimplats plans to build two solar power plants with a generation capacity of 185 megawatts to power its operations, the country’s energy regulator said on Monday.
The Zimbabwe Energy Regulatory Authority said Zimplats, the biggest platinum group metals producer in Zimbabwe applied to build a 105 MW plant at Ngezi, southwest of Harare, where it has mines and two concentrators, and 85 MW at nearby Selous where there is a smelter and concentrator.
Zimplats, which also jointly owns smaller platinum miner Mimosa Mining Company with Sibanye Stillwater, imports its power from Mozambique’s Hydro Cahora Bassa.
Zimbabwe has experienced acute power cuts in the past, the latest in 2019 that lasted up to 18 hours a day, which affected the mining sector, the country’s biggest earner of foreign currency.
On Monday, the country was producing 1,227 MW, below its peak demand of 1,400 MW.
The government expects 100MW of electricity to come from new renewable energy projects by the end of this year and other mining companies are also planning to produce power from solar energy.
(By MacDonald Dzirutwe; Editing by Barbara Lewis)
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