The Conversation (0)
Bloomberg reported Impala Platinum’s (JSE:IMP) Zimbabwe unit may face total nationalization if it doesn’t meet the government’s two-week deadline.
Bloomberg reported Impala Platinum’s (JSE:IMP) Zimbabwe unit may face total nationalization if it doesn’t meet the government’s two-week deadline.
As quoted in the market news:
The Herald quoted an interview Zimplats Chairman David Brown gave to South Africa’s Mining Weekly magazine. Brown said the Zimbabwean government would have to pay for a 31 percent stake it is demanding in Zimplats, according to the Herald. Mining Weekly put the value at between $500,000 and $1 million.