• All Share : 51547.02
    UNCHANGED0.00%
    Top 40 : 4246.45
    UNCHANGED0.00%
    Financial 15 : 15023.67
    UNCHANGED0.00%
    Industrial 25 : 61020.09
    UNCHANGED0.00%

  • ZAR/USD : 11.0795
    UP 0.18%
    ZAR/GBP : 18.0558
    UP 0.36%
    ZAR/EUR : 14.1955
    UP 1.65%
    ZAR/JPY : 0.1017
    UP 0.12%
    ZAR/AUD : 9.9061
    UP 0.12%

  • Gold : 1216.4000
    UP 0.04%
    Platinum : 1339.0000
    UP 0.30%
    Silver : 17.8450
    UP 0.14%
    Palladium : 813.0000
    UP 0.62%
    Brent Crude Oil : 98.390
    UNCHANGED0.00%

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

Sun Sep 21 02:00:25 SAST 2014

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.
Sun Sep 21 02:00:25 SAST 2014 ::