30 Jan 2015 07:00
AQUARIUS PLATINUM LIMITED - Zimbabwe Royalty UpdateAQUARIUS PLATINUM LIMITED - Zimbabwe Royalty Update
PR Newswire
London, January 30
AQUARIUS PLATINUM LIMITED ASX, LSE & JSE 30 January 2015 Zimbabwe Royalty Update As previously announced, in 2013 the Government of Zimbabwe proposed an exporttax on unrefined platinum, with a view to encouraging platinum mining companiesto invest in smelting and refining capacity in Zimbabwe. This export tax, at arate of 15 percent of revenue, was deferred to take effect from 1 January 2015. In the 2015 National Budget statement made in December 2014, the Minister ofFinance announced that the Government had deferred the export tax onun-beneficiated platinum until 1 January 2017. However, the 2015 Finance Bill,which was gazetted on 9 January 2015, does not provide for the deferral of thetax. The platinum mining companies, represented by the Chamber of Mines, arein the process of engagement with the Government of Zimbabwe to resolve thematter. Aquarius and Mimosa are hopeful that the matter will be resolved andremains committed to building good working relations with the Government ofZimbabwe. For further information please contact: In Australia: Willi Boehm Aquarius Platinum Corporate ServicesPty Ltd +61 8 9367 5211 In South Africa: Jean NelAquarius Platinum (South Africa) (Pty)Ltd +27 12 001 2001 or visit: www.aquariusplatinum.com REGISTERED OFFICE Aquarius Platinum Limited ● Clarendon House ● 2 Church Street ● Hamilton HMCXBermuda Email: info@aquariusplatinum.com
Telephone: +61 8 9367 5211