Zimplats in final talks with state

[miningmx.com] — IMPALA Platinum’s Zimbabwe unit in two weeks expects to conclude talks with the government about its compliance with local ownership proposals, its chief executive said on Thursday.

Foreign mining companies in Zimbabwe have less than six months to comply with a law requiring them to surrender 51% of their local equity to black investors.

“We expect to conclude discussions on our proposals in two weeks,” Zimplats chief executive Alex Mhembere said in response to questions from journalists on Thursday.

Mhembere said there was big appetite for Zimplats’ stake by people in business and politics.