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Reuters Africa reported Impala Platinum (JNB:IMP) said it has agreed to turn over a 10 percent stake in its Zimbabwe units to locals.
Reuters Africa reported Impala Platinum (JNB:IMP) said it has agreed to turn over a 10 percent stake in its Zimbabwe units to locals.
As quoted in the market news,
Implats , the world’s second-largest platinum producer, said in September a government threat to remove Zimplats licence had “fallen away” after reaching an agreement on a revised plan to comply with a law requiring foreign mining firms to turn over a 51 percent stake to local blacks.