Impala Platinum Facing Nationalization in Zimbabwe

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.

Click here to read the full Bloomberg report.