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Zimbabwe to end tax relief for miners to spur mineral processing
President Emmerson Mnangagwa said last month the government would introduce incentives to encourage mining companies to process their output locally.
JOHANNESBURG – South Africa’s Competition Tribunal on Wednesday approved Sibanye-Stillwater’s takeover of troubled platinum producer Lonmin but imposed a six-month moratorium on job cuts.
South Africa’s Sibanye has proposed to buy Lonmin for about 285 million pounds ($365 million) to create the world’s No. 2 platinum producer in a bid to ride out depressed prices for the metal.
(By Tanisha Heiberg; Editing by James Macharia)
