• All Share : 49722.88
    UNCHANGED0.00%
    Top 40 : 3828.52
    UNCHANGED0.00%
    Financial 15 : 15178.82
    UNCHANGED0.00%
    Industrial 25 : 60698.41
    UNCHANGED0.00%

  • ZAR/USD : 11.0395
    UP 1.57%
    ZAR/GBP : 17.6597
    UP 1.59%
    ZAR/EUR : 13.8264
    UP 0.92%
    ZAR/JPY : 0.0983
    UP 0.23%
    ZAR/AUD : 9.7126
    UP 0.23%

  • Gold : 1172.8500
    UP 0.03%
    Platinum : 1231.0000
    UP 0.33%
    Silver : 16.1550
    UP 0.16%
    Palladium : 792.5000
    UP 0.57%
    Brent Crude Oil : 85.860
    UNCHANGED0.00%

  • All data is delayed by 15 min. Data supplied by I-Net Bridge
    Hover cursor over this ticker to pause.

Sat Nov 01 11:04:45 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.