Zimbabwe Owes Valterra Platinum $100 Million in Unpaid Export Proceeds

South Africa’s Valterra Platinum (VALJ.J), said on Wednesday it is owed $100 million in 2025 export proceeds by Zimbabwe’s government, which has started making some payments to clear the arrears.

Zimbabwe requires all exporters to retain only 70% of their proceeds in foreign currency, with the balance being converted to local currency.Valterra and its platinum industry peers have faced delayed payments from the government under the retention rule, according to Zimbabwe’s mining chamber. The…