{"id":8160,"date":"2012-02-21T02:18:27","date_gmt":"2012-02-21T00:18:27","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/update-1-impala-concerned-about-mimosa-stake\/"},"modified":"2012-02-21T02:18:27","modified_gmt":"2012-02-21T00:18:27","slug":"update-1-impala-concerned-about-mimosa-stake","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-impala-concerned-about-mimosa-stake\/","title":{"rendered":"UPDATE 1-Impala concerned about Mimosa stake"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">HARARE<\/span> Feb 20 (Reuters) &#8211; Impala Platinum<br \/>\nsaid on Monday it is &#8220;concerned&#8221; by comments from a Zimbabwean<br \/>\ngovernment minister suggesting it should further sell its stake<br \/>\nin its Mimosa joint venture with Aquarius Platinum.<\/p>\n<p><span><\/span><\/p>\n<p>Impala also said in a statement it had not received any<br \/>\nofficial notification from the Zimbabwe government directing it<br \/>\nto divest from Mimosa, a platinum miner.<\/p>\n<p><span><\/span><\/p>\n<p>Zimbabwe&#8217;s empowerment minister, Saviour Kasukuwere, told<br \/>\nthe state-controlled Sunday Mail it would be &#8220;ideal&#8221; for<br \/>\nAquarius to purchase Impala&#8217;s remaining stake in Mimosa after a<br \/>\nrequired majority stake sale to locals.<\/p>\n<p><span><\/span><\/p>\n<p>A controversial law mandates that all foreign miners sell a<br \/>\n51 percent stake to local Zimbabweans. That will reduce Impala&#8217;s<br \/>\nholding to 24.5 percent.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Implats cannot be allowed to maintain a 24.5 percent<br \/>\nportfolio investment in Mimosa while they have their hands full<br \/>\nwith the massive capital expenditure that will be required at<br \/>\nZimplats,&#8221; Kasukuwere was quoted as saying.<\/p>\n<p><span><\/span><\/p>\n<p>Impala owns 87 percent of Zimbabwe&#8217;s largest platinum mine,<br \/>\nZimplats.<\/p>\n<p><span><\/span><\/p>\n<p>Kasukuwere said having two minority shareholders splitting<br \/>\nthe 49 percent, would leave Mimosa without a shareholder of<br \/>\nreference for funding and technical support as neither of them<br \/>\nwill be sufficiently motivated to support any meaningful capital<br \/>\nexpenditure, the newspaper said.<\/p>\n<p><span><\/span><\/p>\n<p>Kasukuwere was not immediately available to comment.<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HARARE Feb 20 (Reuters) &#8211; Impala Platinum said on Monday it is &#8220;concerned&#8221; by comments from a Zimbabwean government minister suggesting it should further sell its stake in its Mimosa joint venture with Aquarius Platinum. Impala also said in a statement it had not received any official notification from the Zimbabwe government directing it to [&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-8160","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\/8160","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=8160"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8160\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}