{"id":9200,"date":"2012-03-22T15:24:47","date_gmt":"2012-03-22T13:24:47","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/update-1-zimbabwe-oks-implats-aquarius-jv-local-ownership-plan\/"},"modified":"2012-03-22T15:24:47","modified_gmt":"2012-03-22T13:24:47","slug":"update-1-zimbabwe-oks-implats-aquarius-jv-local-ownership-plan","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-zimbabwe-oks-implats-aquarius-jv-local-ownership-plan\/","title":{"rendered":"UPDATE 1-Zimbabwe OKs Implats, Aquarius JV local ownership plan"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">HARARE, March 22<\/span> (Reuters) &#8211; Zimbabwe has accepted a<br \/>\nproposal by Impala Platinum&#8217;s joint venture with<br \/>\nAquarius Platinum to turn over a majority stake to<br \/>\nlocals, a government minister said on Thursday.<\/p>\n<p><span><\/span><\/p>\n<p>Empowerment minister Saviour Kasukuwere said Mimosa mine<br \/>\noutside Harare, a 50-50 partnership between Implats and<br \/>\nAquarius, will transfer 10 percent each to workers and local<br \/>\ncommunities, 6 percent to state employees and 25 percent to a<br \/>\nstate fund.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;They have submitted a compliant 51 percent plan. It has<br \/>\nsince been submitted to the ministry which has been accepted,&#8221;<br \/>\nKasukuwere told reporters on the sidelines of an investment<br \/>\nconference.<\/p>\n<p><span><\/span><\/p>\n<p>The proposal comes more than a week after Implats bowed to<br \/>\nHarare&#8217;s demands that the world&#8217;s second largest platinum miner<br \/>\ntransfer a similar stake in its Zimplats operation to<br \/>\nlocals.<\/p>\n<p><span><\/span><\/p>\n<p>Implats has said the Zimbabwean government would have to pay<br \/>\nfor the shares it wants.<\/p>\n<p><span><\/span><\/p>\n<p>On Thursday Kasukuwere said the agreement with Implats<br \/>\nshould include an evaluation of assets and resources owned by<br \/>\nZimplats but he did not give further details.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;At the end of the day we want a win-win situation. We need<br \/>\na fair share of what is due to us,&#8221; he said.<\/p>\n<p><span><\/span><\/p>\n<p>Kasukuwere has previously said the cash strapped government<br \/>\nwould not pay for shares in mines, arguing that it already owned<br \/>\nthe mineral resources in the ground.<\/p>\n<p><span><\/span><\/p>\n<p>Zimbabwe, with the second-largest known platinum deposits in<br \/>\nthe world after South Africa, is seen as a growth area for the<br \/>\nplatinum sector.<\/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, March 22 (Reuters) &#8211; Zimbabwe has accepted a proposal by Impala Platinum&#8217;s joint venture with Aquarius Platinum to turn over a majority stake to locals, a government minister said on Thursday. Empowerment minister Saviour Kasukuwere said Mimosa mine outside Harare, a 50-50 partnership between Implats and Aquarius, will transfer 10 percent each to workers [&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-9200","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\/9200","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=9200"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9200\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}