Implats to Stay in Zimbabwe Despite Difficulties

Reuters reported Impala Platinum (JSE:IMP)  said it will stay in Zimbabwe despite the government’s demands for the company to hand over ownership to citizens.

As quoted in the market news:

Zimbabwe, which holds the world’s second largest PGM deposits after South Africa, is crucial to the future of the platinum industry because of its massive resources.

But platinum companies, as Zimbabwe’s largest investors, are being targeted in the government’s drive to get all outside companies to hand over 51 percent stakes in their mines.

Click here to read the full Reuters report.