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Zimbabwe: Platinum Giant Cedes Control to Black Zimbabweans

AFRICANGLOBE - Impala Platinum Limited is expected to sign the terms of the sale of a majority shareholding in its local unit, Zimbabwe Platinum Mines, today, a Cabinet minister has announced. Zimbabwe's Youth Development, Indigenisation and Empowerment Minister Saviour Kasukuwere said Implats, the world's second largest platinum company, owns about 87 percent in Zimplats.

Zimbabwe Suspends Platinum Mine’s Access to Banking Services

Zimbabwe Platinum Holdings says it did not break the law following the Reserve Bank of Zimbabwe's order last week for banks to stop processing...

Mugabe Receives Election Boost as the Country’s Largest Platinum Miner is...

Zimbabwean President Robert Mugabe's elections machinery might just have received the tonic it needed, as a major mining company capitulated to the country's indigenisation policy. The...

Zimplats Expands Platinum Mine in Zimbabwe

Zimbabwe Platinum Holdings Ltd has so far spent US$89 million on the US$445 million Ngezi Phase II expansion project. The money was used during...

Zimplats to Submit New Indigenisation Proposal to Zimbabwean Govt

Zimbabwe's leading platinum miner Zimplats has requested for more time to prepare a compliant indigenisation plan in line with the Indigenisation and Economic Empowerment Act after its initial proposal was rejected.