Zimbabwe Approves Implats and Aquarius Ownership Plans

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.

Click here to read the full Reuters report.