Published: 21 February 2014

Government will not compromise on its position requiring platinum miners to set up a local refinery and wants mining firms to take hard short-term decisions for future benefit.

Mines and Mining Development Minister Walter Chidhakwa said mining firms are investing for long and short-term gains at a time government has identified mining as the centrepiece of economic growth in the short to medium term.

The thrust falls in line with the African Union vision's that the mining sector should contribute more to socio-economic growth of the continent than it has ever done in the past.

As such, Minister Chidhakwa said it made business sense to start building a refinery now than wait for the "appropriate" economic conditions with regards to level of output and power supply.
- herald

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