Zimbabwe Court Rules Impala Platinum Not Liable for Royalty

Zimbabwe Court Rules Impala Platinum Not Liable for Royalty

Zimbabwe’s High court said Impala Platinum Holdings Ltd.’s local unit is not liable to pay mining royalties of $7.1 million on exports matte and concentrates.

Court rules Zimplats not liable for platinum royalty

ZIMBABWE’S High court said Impala Platinum’s local unit was not liable to pay mining royalties of $7.1m on exports matte and concentrates. According to a report by Bloomberg News on Tuesday, the court ruled in favor 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, said the …

Zimplats wins royalty dispute as High Court blocks ZIMRA’s US$7.1m claim

HARARE – The High Court has ruled that Zimbabwe Platinum Mines (Zimplats), the local unit of South Africa’s Impala Platinum (Implats), is not liable to pay mining royalties on matte and concentrate exported between June 2018 and December 2021, delivering a major blow to the Zimbabwe Revenue Authority (ZIMRA). Justice Rodgers Manyangadze ruled that the Finance Act, as it stood before amendments that took effect on January 1, 2022, drew a clear le…