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Zimbabwe Approves Implats and Aquarius Ownership Plans
Mar. 22, 2012 01:57PM PST
Precious Metals InvestingReuters reported Zimbabwe has finally agreed to Implats’ (JSE:IMP) and Aquarius Platinum’s (ASX:AQP,LSE:AQP) respective plans to nationalize ownership.
Reuters reported Zimbabwe has finally agreed to Implats’ (JSE:IMP) and Aquarius Platinum’s (ASX:AQP,LSE:AQP) respective plans to nationalize ownership.
As quoted in the market news:
Empowerment minister Saviour Kasukuwere said Mimosa mine outside Harare, a 50-50 partnership between Implats and Aquarius, will transfer 10 percent each to workers and local communities, 6 percent to state employees and 25 percent to a state fund.