Locals to Get 10% of Zimbabwe Unit: Implats

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.

Click here to read the full Reuters Africa report.