{"id":6041,"date":"2011-12-13T00:11:08","date_gmt":"2011-12-12T22:11:08","guid":{"rendered":"http:\/\/www.myza.co.za\/12\/update-2-implats-zimbabwe-jv-gives-10-pct-to-locals-minister\/"},"modified":"2011-12-13T00:11:08","modified_gmt":"2011-12-12T22:11:08","slug":"update-2-implats-zimbabwe-jv-gives-10-pct-to-locals-minister","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-2-implats-zimbabwe-jv-gives-10-pct-to-locals-minister\/","title":{"rendered":"UPDATE 2-Implats Zimbabwe JV gives 10 pct to locals -minister"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Stake first phase of complying with empowerment law<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Kasukuwere says Barclays, StanChart offers paltry<\/p>\n<p><span><\/span><\/p>\n<p>By MacDonald Dzirutwe<\/p>\n<p><span><\/span><\/p>\n<p>HARARE, Dec 12 (Reuters) &#8211; Zimbabwe&#8217;s Mimosa mine, a<br \/>\njoint venture between Impala Platinum and Aquarius<br \/>\n, has given a 10 percent stake to locals, a government<br \/>\nminister said on Monday, as it aims to meet a controversial law<br \/>\non local ownership.<\/p>\n<p><span><\/span><\/p>\n<p>British banks Barclays Plc and Standard Chartered<br \/>\nPlc have also offered to sell 10 percent stakes in<br \/>\ntheir local units, although the government believes that is not<br \/>\nenough, Youth and Empowerment Minister Saviour Kasukuwere said.<\/p>\n<p><span><\/span><\/p>\n<p>President Robert Mugabe&#8217;s drive to force mines and banks to<br \/>\nsurrender at least 51 percent shares to locals has unnerved<br \/>\noverseas investors and further divided the government Mugabe<br \/>\nformed with rival Prime Minister Morgan Tsvangirai in 2009.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;This is the first phase of (Mimosa&#8217;s) compliance, they have<br \/>\ngiven 10 percent shareholding to the community after reaching an<br \/>\nagreement with the community, and have already signed,&#8221;<br \/>\nKasukuwere told reporters.<\/p>\n<p><span><\/span><\/p>\n<p>In a statement, Aquarius confirmed Mimosa had signed an<br \/>\nagreement with Zvishavane Community Share Ownership Trust, set<br \/>\nup to benefit the communities surrounding the mine.<\/p>\n<p><span><\/span><\/p>\n<p>It said issuing equity to Zvishavane was an &#8220;indivisible<br \/>\npart of a final indigenisation plan&#8221;, which is still under<br \/>\ndiscussion in talks between Mimosa and the government .<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Stake first phase of complying with empowerment law * Kasukuwere says Barclays, StanChart offers paltry By MacDonald Dzirutwe HARARE, Dec 12 (Reuters) &#8211; Zimbabwe&#8217;s Mimosa mine, a joint venture between Impala Platinum and Aquarius , has given a 10 percent stake to locals, a government minister said on Monday, as it aims to meet [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-6041","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=6041"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6041\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=6041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=6041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=6041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}