Zimbabwe's Platinum Giant Cedes Shareholding

The country's biggest platinum mine, Zimplats, has been compelled to reduce its shareholding to 49 percent or less in line with the country's controversial indigenisation and empowerment laws.
  • Zimbabwe:  Platinum Giant Bows to Indigenisation Law

    The Herald, 11 January 2013

    IMPALA Platinum Limited is expected to sign the terms of the sale of a majority shareholding in its local unit, Zimbabwe Platinum Mines, today, a Cabinet minister has announced. read more »

Photo: Zimplats

Platinum mine in Zimbabwe

  • Zimbabwe:  'Zimplats Committed to Indigenisation'

    The Herald, 13 December 2012

    ZIMPLATS has reaffirmed its commitment to working with the Government to comply with indigenisation and empowerment laws and dismissed reports it is trying to evade the ... read more »

  • Zimbabwe:  Invidious Spot - Kasukuwere's Zim Indigenisation Battle

    Financial Gazette, 3 December 2012

    Zimbabwe's Indigenisation and Economic Empowerment Act, which was signed into law on April 17 2008, has courted criticism and placed Youth Development, Indigenisation and ... read more »

  • Zimbabwe:  Mining Laws Criminal - Mutambara

    The Herald, 15 November 2012

    MINING laws in Zimbabwe are criminal and must be urgently amended to empower the people and their communities, Deputy Prime Minister Arthur Mutambara has said. read more »

  • Zimbabwe:  Amplats Signs Indigenisation Deal

    SW Radio Africa, 2 November 2012

    International mining giant Amplats has signed off on a deal that will see more than half of their shareholding in their Unki mine being handed over in Zimbabwe's indigenisation ... read more »

  • Zimbabwe:  Platinum Giants Comply With Indigenisation Law

    The Herald, 27 September 2012

    THE three biggest foreign platinum mining companies have submitted acceptable empowerment proposals, Youth Development, Indigenisation and Empowerment Minister Saviour Kasukuwere ... read more »

  • Zimbabwe:  Indigenisation Policy Hostile to Investors - Mashakada

    Zimbabwe Standard, 24 September 2012

    THE current indigenisation policy is incompatible with Zimbabwe's investment attraction drive and must be revised, a Cabinet minister has said. read more »