Reuters reported Zimbabwe’s and Impala Platinum (JSE:IMP) have come to an agreement regarding when 51% of ownership in the platinum miner should be nationalized.
Reuters reported Zimbabwe’s and Impala Platinum (JSE:IMP) have come to an agreement regarding when 51% of ownership in the platinum miner should be nationalized.
As quoted in the market news:
The cave-in followed months of wrangling over the ownership requirement, which has further jolted investor confidence in the southern African state. The demand that foreign-owned companies, particularly miners, transfer a 51 percent stake in local operations to black investors was widely seen as a populist tactic by President Robert Mugabe’s ZANU-PF party in the run-up to elections expected later this year.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1864.60 | +10.93 | |
Silver | 22.06 | +0.32 | |
Copper | 4.31 | -0.04 | |
Palladium | 2006.00 | +21.00 | |
Platinum | 957.00 | +4.00 | |
Oil | 109.83 | -0.46 | |
Heating Oil | 3.65 | 0.00 | |
Natural Gas | 8.82 | +0.07 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.