Implats Zimbabwe to spend $690M to upgrade metals refinery

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HARARE (Reuters) – The Zimbabwean unit of the world's second largest platinum producer Implats will spend $690 million to upgrade its base metals refinery, the chief executive officer said on Wednesday.

"It will be build in two stages. The first stage will cost $190 million … we expect stage two will cost $500 million," Alex Mhembere, the CEO ofZimplats told an analyst briefing in Harare.

Zimplats is 87 percent owned by Implats.

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