Impala Platinum: Zimbabwe Govt Wants 50% of Unit’s Mining Claims
Bloomberg reported that Impala Platinum Holdings Ltd. said the government of Zimbabwe wants 50% of its mining claims in the country, or about 27,948 hectares of land.
Bloomberg reported that Impala Platinum Holdings Ltd. said the government of Zimbabwe wants 50% of its mining claims in the country, or about 27,948 hectares of land.
FM reported Impala Platinum's (JSE:IMP) reported its platinum operations are working at about 80% production levels compared to production before strikes.
Mineweb reported Impala Platinum's (JSE:IMP) ex-CEO, David Brown said accusations that he kicked off the recent spate of wild-cat strikes by negotiating and settling with illegally striking workers is misplaced.
Reuters reported South Africa's FTSE/JSE Africa All Share Index rose as investors started buying in beat down companies again.
Bloomberg reported Impala Platinum (JSE:IMP) is ready to release numbers showing two of South Africa's major unions both have about 50% of the workforce as member, giving neither group majority control.
Bloomberg reported Impala Platinum's (JSE:IMP) Zimbabwe unit is on track to begin building its platinum refinery.
Mining Weekly reported Impala Platinum (JSE:IMP) has struck a deal with Zimbabwe to receive fair cash compensation for meeting the 51% indigenization law.
Reuters reported Zimbabwe's and Impala Platinum (JSE:IMP) have come to an agreement regarding when 51% of ownership in the platinum miner should be nationalized.
Reuters reported platinum producers said they were not affected by South Africa's one day mining strike on Wednesday.
Reuters reported the ongoing strike at Impala Platinum's (JSE:IMP) Rustenberg mine in South Africa has cost 120,000 ounces in production or about 2.4 billion rand in sales.
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