VALTERRA Platinum said it was making progress extracting current export proceeds from Zimbabwe, but an agreement on getting a historic amount of $100m paid was unresolved. Zimbabwe owed Valterra Platinum about $120m last year of which about $10m had been paid, said Sayurie Naidoo, CFO of the platinum miner. While another $10m of current proceeds was to be paid, there was “no sustainable solution” for the amount relating to previous years. “On our current proceeds, we’re getting close to the full amount, either through tax offsets or through the Reserve Bank giving us at least 15% of that. According to reports, platinum miners are owed $228m in unpaid export income, including Impala Platinum (Implats), which said recently it was owed $78m by Zimbabwe.