Amplats Gives Locals Stake in Zimbabwe Mine

Reuters reported Anglo American Platinum (JSE:AMS) will hand over a 10 percent stake in its Unki project in Zimbabwe to locals.

As quoted in the market news:

President Robert Mugabe, who is driving the law which seeks to transfer majority ownership of all foreign-owned firms — including mines and banks — to locals, officiated at the event held at Unki, Shurugwi, about 350 kilometres south of the capital.

Click here to read the full Reuters report.