Latest
 
  • All Share : 53005.22
    UP 0.06%
    Top40 - (Tradeable) : 46285.24
    UP 0.03%
    Financial 15 : 15078.5
    UP 0.23%
    Industrial 25 : 71224.88
    UP 0.31%
    Resource 10 : 31089.6
    DOWN -1.03%

  • ZAR/USD : 14.2924
    UP 0.33%
    ZAR/GBP : 18.7247
    DOWN -0.01%
    ZAR/EUR : 15.6484
    DOWN -0.18%
    ZAR/JPY : 0.1343
    DOWN -0.07%
    ZAR/AUD : 10.7181
    UP 0.64%

  • Gold US$/oz : 1322.1
    DOWN -0.65%
    Platinum US$/oz : 1082
    DOWN -1.73%
    Silver US$/oz : 19.59
    DOWN -0.71%
    Palladium US$/oz : 682
    DOWN -0.15%
    Brent Crude : 45.74
    DOWN -1.00%

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

Sat Jul 23 15:11:55 SAST 2016

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.