Anglo American could not give a definitive answer yet on the future of its Unki platinum project in Zimbabwe as the company was reviewing the fluid situation in the country on a very regular basis.
The company spokesperson in London, James Wyatt-Tilby, said Wednesday that Anglo had to keep a very close eye on what was going on in Zimbabwe as it was deeply concerned about the political situation in the country.
We made it clear in our statement that in happy circumstance we can develop the project into a long-term viable business, Wyatt-Tilby said. But we can't give a firm answer yet, as we are continuing to review the situation.
Anglo American said in a statement today it was reviewing all options around the development of the Unki platinum project in Zimbabwe.
The project was a long-term investment for a mine which is yet to start production and will not generate revenue for some years. It has been made clear to the mining company that the Zimbabwean government would assume control of the project if its development was halted.
Anglo said it had a clear responsibility to protect the wellbeing of its more than 650 employees and contractors, as well as their families and those who depended indirectly on the activity around the project.
Wyatt-Tilby said the company's statement came in reaction to press reports.
The project that has been developed by Anglo American since 2003 is due to produce about 58 000 ounces of refined platinum annually.