Tagged:
Zimbabwe Platinum Miner Moves to Avoid Takeover
President Robert Mugabe has reassured a major platinum producer that the government does not intend to take over its Zimbabwe operations. This came after a scheme was launched enabling local communities to acquire a stake in the company under an empowerment deal.-
Zimbabwe: No Zimplats Takeover Plans - President Mugabe
Zimbabwe Independent, 13 October 2011
GOVERNMENT does not intend to take over Implats' Zimbabwe operations, Zimplats, President Robert Mugabe said yesterday, adding that he wanted the company to build a refinery in the… Read more »
-
Zimbabwe: Mining Giant Gives Shares to Communities
The Herald, 13 October 2011
PRESIDENT Mugabe yesterday officially launched the Chegutu-Mhondoro-Ngezi-Zvimba Community Share Ownership Trust and urged foreign investors to respect Government's policy to… Read more »
-
Zimbabwe: Empowerment - South Africa Officials Seek Audience With Local Counterparts
The Herald, 13 October 2011
SOUTH African government officials are calling for a meeting with their Zimbabwean counterparts following claims that the implementation of empowerment regulations is affecting… Read more »
-
Zimbabwe: Indigenisation Only Way to Empower Locals - Chombo
The Herald, 12 October 2011
GOVERNMENT'S indigenisation and empowerment programme is the only way to total economic empowerment, a Zanu-PF Politburo member has said. Read more »
-
Zimbabwe: Mining Giant Agrees to 51 Percent Share Handover
SW Radio, 11 October 2011
Mining giant Rio Tinto has become the first foreign owned mining firm in Zimbabwe to voluntarily surrender 51% of its shareholdings, as part of the controversial indigenisation… Read more »
-
Zimbabwe: Zimplats Launches Share Trust to Comply With Law
The Herald, 16 September 2011
ZIMBABWE PLATINUM MINE has launched a Community Share Ownership Trust as part of a compliance process under a revised Indigenisation Plan. Read more »
-
Zimbabwe: Mines Minister Moves to Reassure Foreign Mines
SW Radio, 15 September 2011
Zimbabwe's Mines Minister Obert Mpofu on Wednesday tried to reassure foreign owned mining companies, insisting their licences will not be cancelled over ZANU PF's indigenisation… Read more »
-
Zimbabwe: Old Mutual and Zimplats 'Renegotiating' Indigenisation Plans
SW Radio, 9 September 2011
South African financial services giant Old Mutual and the Zimbabwean subsidiary of the South African Impala Platinum mining group, are both reportedly scrambling to renegotiate… Read more »
-
Zimbabwe: Zimplats to Submit New Proposal
The Herald, 9 September 2011
ZIMBABWE leading platinum miner Zimplats has requested for more time to prepare a compliant indigenisation plan in line with the Indigenisation and Economic Empowerment Act after… Read more »
-
Zimbabwe: Govt Turns Up the Heat on Zimplats
Zimbabwe Independent, 8 September 2011
ZIMPLATS remains in negotiations with the Zimbabwe government over its indigenisation proposals and still has its mining licence, Impala Platinum (Implats) CEO David Brown said. Read more »
-
Zimbabwe: Over 50 Mines Face Axe
The Herald, 8 September 2011
More than 50 foreign-owned mining firms risk losing their licences after failing to submit acceptable indigenisation and empowerment plans as directed by Government. Read more »
-
Zimbabwe: Minister Targets South African Platinum Giant
SW Radio, 7 September 2011
Indigenisation and Youth Minister Saviour Kasukuwere has put Zimbabwe on a collision course with South Africa after he threatened to cancel the mining licence of Zimplats, the… Read more »
-
Zimbabwe: Indigenisation - Distributing Poverty to the Majority?
Financial Gazette, 2 September 2011
"OUR resolve is to balance our national interest and foreign investors' expectations . .Let us engage and limit the rhetoric which is unhelpful," said Saviour Kasukuwere, the Youth… Read more »
-
Zimbabwe: Zimplats Confident of Breaking Indigenisation Impasse
The Herald, 30 August 2011
IMPALA Platinum has expressed confidence that it will attain an "adequate and appropriate" level of indigenous shareholding for Zimplats in ongoing consultations with the… Read more »
-
Zimbabwe: Implats CEO Slams Govt Equity Policy
Zimbabwe Standard, 28 August 2011
The chief executive of Impala Platinum, the world's second largest platinum producer, said on Thursday that a drive by the Zimbabwean government to force foreign miners to transfer… Read more »
-
Zimbabwe: Nation Gives Foreign Firms 14-Day Ultimatum
Daily Trust, 21 August 2011
Zimbabwe's government has given foreign companies including miners and banks a 14-day ultimatum to submit plans on how they propose to transfer majority stakes to local owners. Read more »
