June 28 (Bloomberg) -- Impala Platinum Holdings Ltd. will consider adding refining capacity in Zimbabwe once output of the metal gets to about 400,000 or 500,000 ounces and if the investment climate is “stable,” Chief Executive Officer David Brown said.
A law in Zimbabwe that mining companies must sell 51 percent of their local assets to black Zimbabweans “doesn’t really work for us,” he said in a speech in Johannesburg today. Selling a 25 percent or 26 percent stake is “probably reasonable,” he said.
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