Impala Platinum needs to meet with Zimbabwe President Emmerson Mnangagwa. They want to talk about money rules that hurt their business. The bank in Zimbabwe keeps more US dollars than before. This makes it hard for the company to buy what they need.
"We worry about having less US dollars," said Nico Muller, the head of Impala. "We need to speak with the money leader and the president. This is not something small we can forget."
The Zimbabwe business had to ask for loans to buy big things. They did not have enough cash from their sales. The money manager at Impala said it made sense to borrow there. She added that all places must pay for their building costs.
Impala is checking which mines to keep open because metal prices are down. The head said mines in Canada and South Africa might close first. The Canada mine will not last long. The South African mine needs to earn cash before they grow it.
Impala has already cut most costs and jobs they can. They may have to shut some mines down. Some mines in South Africa might close soon if prices stay low. Impala has put lots of money into Zimbabwe.
"We feel good about our work in Zimbabwe," said Muller. "We think the rocks there are the best you can find. We have worked well with their leaders for many years. That has not changed."
"We worry about having less US dollars," said Nico Muller, the head of Impala. "We need to speak with the money leader and the president. This is not something small we can forget."
The Zimbabwe business had to ask for loans to buy big things. They did not have enough cash from their sales. The money manager at Impala said it made sense to borrow there. She added that all places must pay for their building costs.
Impala is checking which mines to keep open because metal prices are down. The head said mines in Canada and South Africa might close first. The Canada mine will not last long. The South African mine needs to earn cash before they grow it.
Impala has already cut most costs and jobs they can. They may have to shut some mines down. Some mines in South Africa might close soon if prices stay low. Impala has put lots of money into Zimbabwe.
"We feel good about our work in Zimbabwe," said Muller. "We think the rocks there are the best you can find. We have worked well with their leaders for many years. That has not changed."
