• All Share : 51166.48
    UP 0.43%
    Top40 - (Tradeable) : 45005.93
    UP 0.53%
    Financial 15 : 16325.64
    UP 0.39%
    Industrial 25 : 64242.23
    UP 0.18%
    Resource 10 : 41772.51
    UP 1.48%

  • ZAR/USD : 11.5807
    UP 0.23%
    ZAR/GBP : 17.4193
    UP 0.25%
    ZAR/EUR : 13.1073
    UP 0.24%
    ZAR/JPY : 0.098
    UP 0.82%
    ZAR/AUD : 9.009
    UP 0.45%

  • Gold US$/oz : 1264.02
    UP 0.51%
    Platinum US$/oz : 1224.75
    UP 0.26%
    Silver US$/oz : 16.98
    UP 0.12%
    Palladium US$/oz : 780.75
    UP 0.90%
    Brent Crude : 49.4
    UP 0.73%

  • All data is delayed by 15 min. Data supplied by Profile Data
    Hover cursor over this ticker to pause.

Fri Jan 30 15:56:25 CAT 2015

Amplats to transfer 51% of Zimbabwe mine to locals

Reuters | 01 November, 2012 15:09
A mine shaft. File photo.
Image by: Jorge Duenes / REUTERS

Anglo American Platinum has agreed to transfer 51% of its Unki mine in Zimbabwe to locals, the firm said on Thursday.

The world’s largest miner of the metal agreed to this following pressure from President Robert Mugabe’s government.

Mugabe is championing a controversial law which requires foreign-owned firms, mostly mines and banks, to surrender majority stakes in their Zimbabwean operations to local blacks.

SHARE YOUR OPINION

If you have an opinion you would like to share on this article, please send us an e-mail to the Times LIVE iLIVE team. In the mean time, click here to view the Times LIVE iLIVE section.