Zimbabwe’s High court said Impala Platinum Holdings local unit is not liable to pay mining royalties of $7.1 million on exports matte and concentrates.
The court ruled in favour of Zimplats after the Zimbabwe Revenue Authority determined the company owed royalties for the period between June 2018 and December 2021. The court said that no royalty rate had been set for such products over that period.
“It is therefore my considered view that matte and concentrate, as mineral-bearing products, cannot attract the same royalties as minerals that have gone through the refinery process,” High Court Judge Rodgers Manyangadze said in his ruling.
ADVERTISEMENT
CONTINUE READING BELOW
Zimbabwe has the world’s third-largest platinum reserves after South Africa and Russia and South Africa and generates more than half of its revenues from mineral exports. Besides Impala, Sibanye Stillwater and Valterra Platinumalso have platinum interests in the southern African country.
© 2026 Bloomberg
Follow Moneyweb’s in-depth finance and business news on WhatsApp here.
#Zimbabwe #court #rules #Impala #Platinum #liable #royalty