{"id":8414,"date":"2012-02-28T14:41:50","date_gmt":"2012-02-28T12:41:50","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/implats-seeks-talks-with-zimbabwe-on-mine-stakes\/"},"modified":"2012-02-28T14:41:50","modified_gmt":"2012-02-28T12:41:50","slug":"implats-seeks-talks-with-zimbabwe-on-mine-stakes","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/implats-seeks-talks-with-zimbabwe-on-mine-stakes\/","title":{"rendered":"Implats seeks talks with Zimbabwe on mine stakes"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> Feb 28 (Reuters) &#8211; Impala Platinum<br \/>\n, the world&#8217;s second largest platinum producer, is<br \/>\nseeking high-level talks with the Zimbabwean government which on<br \/>\nthe weekend gave it 2 weeks to surrender a 29.5 percent stake in<br \/>\nits key unit there to a state-run fund.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>Zimplats, 87 percent owned by Implats, had failed<br \/>\nto comply fully with the ownership law, empowerment minister<br \/>\nSaviour Kasukuwere said in a letter seen by Reuters on Sunday.<\/p>\n<p><span><\/span><\/p>\n<p>Failure to present the government with a plan to transfer<br \/>\nthe holding within two weeks would result in unspecified<br \/>\n&#8220;enforcement mechanisms&#8221;, the letter added.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We are examining the contents of the minister&#8217;s letter. We<br \/>\nwill then seek to engage with the minister as soon as possible,&#8221;<br \/>\nImplats chief executive David Brown told Reuters.<\/p>\n<p><span><\/span><\/p>\n<p>Brown said he could not say at this stage whether he would<br \/>\nvisit Zimbabwe this week. Local media reports on Monday<br \/>\nsuggested he was on the verge of going to Zimbabwe.<\/p>\n<p><span><\/span><\/p>\n<p>Implats, which is also trying to end a violent six-week long<br \/>\nstrike at its Rustenburg operations in South Africa, has long<br \/>\nbeen a target of an &#8220;empowerment&#8221; drive by the Zimbabwean<br \/>\ngovernment to get all foreign-owned firms to hand over majority<br \/>\nstakes to local black investors.<\/p>\n<p><span><\/span><\/p>\n<p>Kasukuwere has in the past threatened to cancel the mining<br \/>\nlicences of firms that do not comply.<\/p>\n<p><span><\/span><\/p>\n<p>On Friday, Implats said Zimbabwe had also rejected part of<br \/>\nan empowerment plan for the Mimosa operation, its 50-50 joint<br \/>\nventure platinum mine with Aquarius Platinum.<\/p>\n<p><span><\/span><\/p>\n<p>(Reporting By Sherilee Lakmidas, editing by Ed Stoddard and<br \/>\nJason Neely)<\/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>JOHANNESBURG Feb 28 (Reuters) &#8211; Impala Platinum , the world&#8217;s second largest platinum producer, is seeking high-level talks with the Zimbabwean government which on the weekend gave it 2 weeks to surrender a 29.5 percent stake in its key unit there to a state-run fund. Zimplats, 87 percent owned by Implats, had failed to comply [&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-8414","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\/8414","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=8414"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8414\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}