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Bloomberg reported Impala Platinum Holdings Ltd. (JSE:IMP) has folded to Zimbabwe’s request to nationalize 51% of ownership.
Bloomberg reported Impala Platinum Holdings Ltd. (JSE:IMP) has folded to Zimbabwe’s request to nationalize 51% of ownership.
As quoted in the market news:
Impala agreed in principle this week, in the face of a government ultimatum, to sell 31 percent of the unit to a state agency and 20 percent to employees and communities. Zimplats Holdings Ltd. (ZIM) holds 134 million ounces of platinum resources, valued at $228 billion at today’s prices.