Impala Platinum

By IndepthAfrica
In News
Jul 3rd, 2012
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  Zimbabwe has given foreign-owned banks one year to hand over 51 percent stakes to locals, according to a government notice, as President Robert Mugabe ramps up a drive to force all foreign-owned businesses to surrender majority control to blacks. A government notice released last week said all...
By IndepthAfrica
In News
Mar 6th, 2012
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Zimbabwe is set to announce on Wednesday the fate of Impala Platinum’s shareholding in its local unit after latest talks on black ownership ended in deadlock, the state-controlled Herald newspaper said. The government wants Implats, the world’s second-largest platinum producer, to hand a ...
By IndepthAfrica
In News
Feb 27th, 2012
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Johannesburg – Impala Platinum CEO David Brown will travel to Zimbabwe for talks this week after it gave the company 14 days to transfer to it more than half of Zimplats, according to a report on Monday. About 43% of Impala Platinums’ (Implats) platinum resources are held through its 87% ...
By benim
In News
Feb 16th, 2012
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South African riot police fired tear gas, rubber bullets and water cannon on Thursday at hundreds of striking miners who went on the rampage at Impala Platinum’s Rustenburg plant, the world’s single biggest platinum mine. At least 50 officers, backed by armoured vehicles and two helicopte...
By IndepthAfrica
In
Jan 17th, 2012
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South Africa’s All-share index hit a lifetime high in early trade on Tuesday, as commodity firms such as Impala Platinum ticked higher, tracking gains in global equities after upbeat economic growth data in China. By 0737 GMT, the All-share index, the broadest measure of South African stock mar...
By IndepthAfrica
In
Jan 9th, 2012
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Zimbabwe has instructed bankers for Impala Platinum’s local unit Zimplats to pay $28.3 million in outstanding royalty payments, which the platinum miner is disputing, state media reported on Monday. The state-owned Herald newspaper said Zimbabwe Revenue Authority (Zimra) had issued Zimplats ban...
By IndepthAfrica
In
Dec 28th, 2011
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Zimbabwe is considering a ban on raw platinum exports in a bid to force miners to set up refineries in the country, but this move will not take place “overnight”, a government official said on Wednesday. The southern African country has the second largest known platinum reserves in the wo...
By benim
In Article
Oct 17th, 2011
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Zimbabwe’s local ownership rules for foreign mining companies are too stringent, Prime Minister Morgan Tsvangirai said on Monday. Tsvangirai also told reporters on the sidelines of an Johannesburg agricultural conference that next elections would not be until the second half of 2012. Under the ...
By benim
In News
Sep 25th, 2011
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Harare – Foreign companies operating in Zimbabwe have until Sunday to hand in plans to sell majority stakes to local blacks, under a law that has alarmed investors, who are uncertain how the rules will work. The government’s order for the transfer of 51% ownership has been called the fina...
By benim
In News
Sep 8th, 2011
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The Zimbabwean unit of Impala Platinum, the world’s second-largest producer of the precious metal, said the government had taken steps to revoke its operating licence and it remained in talks with authorities. The government has been trying to get miners to transfer 51 percent stakes in their l...