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South Africa Protecting Impala Platinum on Zimbabwe Deal
Mar. 23, 2012 03:30PM PST
Resource Investing News Mining Weekly reported Impala Platinum (JSE:IMP) has struck a deal with Zimbabwe to receive fair cash compensation for meeting the 51% indigenization law.
Mining Weekly reported Impala Platinum (JSE:IMP) has struck a deal with Zimbabwe to receive fair cash compensation for meeting the 51% indigenization law.
As quoted in the market news:
Apart from the sale of 20% of the Zimplats shares to the near-mine community and Zimplats’ own employees – which Implats has been keen to do all along and which is a regular occurrence in South Africa – Implats is assured of hard cash at a value determined by independent professionals for the remaining 31% of Zimbabwe’s 51% indigenisation aspiration.
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