Zim to announce board to implement new indigenisation law

The Zimbabwean government this week moved a step closer to rolling out its economic indigenisation programme saying it will soon announce a new board to supervise the speedy implementation of the Indigenisation and Economic Empowerment Act while...

Chinese keen to invest in Zimbabwe gold, platinum mining

A Chinese business delegation that visited Zimbabwe late last month said companies from the Asian giant were keen to invest in the Southern African country's gold- and platinum-mining sector.

Implats continues to give good account of its risky Zimbabwean stewardship

nvestors may worry about Impala Platinum exposure to Robert Mugabe's unstable Zimbabwe, but Implats certainly doesn't. Whenever the company is called upon to give an account of its Zimbabwean stewardship, it does so with greater...

We're well positioned to meet 51% Zimbabwean ownership, says Implats

Platinum company Impala was well positioned to meet the 51% Zimbabwean mine ownership requirement if it were signed into law, Impala Platinum executive director Les Paton said on Thursday. He pointed out, however, the proposed indigenisation...

Rio Tinto urges Zimbabwe to follow SA example in wealth redistribution

One of the world's biggest mining firms, Rio Tinto, has added its voice to a chorus of caution calling on the Zimbabwean government to reconsider plans to force all foreign companies to cede majority stakes to locals.

Zimplats on shaky ground as Zimbabwe moves to pass controversial bill

The world's second-biggest platinum producer, Impala Platinum (Implats), said on Thursday that it had no closure on what its standing in Zimbabwe would be after a far-reaching bill being drafted by the government was passed, and did not...

Platinum major hoping Zimbabwe will restrict State ownership to 30 %

Zimbabwe’s economy is shrinking faster than that of any other country not at war. Hyperinflation is decimating its currency; Zimbabwean financial institutions are in disarray; farms once world-class sit idle; and its manufacturing, mining...

Investment slowdown expected as draft Zim ownership rules emerges

While reports that the Zimbabwean government could demand that mining companies surrender as much as 51% of their assets to the government or indigenous companies came as no surprise, commentators believe the move is unliklely to be warmly...

Zimplats expansion, Zimbabwe.

A recent Reuters report suggests that the expansion programme entails the construction of eight underground mines at Zimbabwe Platinum Mine’s (Zimplats) Ngezi site north of Harare, an expansion of its smelter and the reopening of its...

Implats has no plans for Zimbabwe retreat

JSE-listed platinum-miner Impala Platinum has reportedly indicated that it could halt expansion at its Zimplats properties if the government there enforces collection of a tax it was previously exempt from.

Miner to triple Zimbabwean, South African gold production

Empowered company Metallon Resources has big expansion plans for its operations in South Africa and Zimbabwe, CEO Greg Hunter tells Mining Weekly.

Sorting out the rule book

“When one is standing next to the fire, one does not want to start playing with petrol,” says one executive in the Zimbabwean platinum industry.