Zimbabwe has threatened to cancel the mining licence of Zimplats unless it furnishes "acceptable" indigenisation plans by September 25.
Zimbabwe’s Parliament has declared that Mugabe-backed regulations seeking to nationalise foreign companies are "unconstitutional … and absurd".
Zimbabwe’s wealthy political elite is closing in on the country’s large foreign-owned mines.
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/ 16 December 2008
Zimplats on Tuesday warned its survival was under threat and expected significant losses due to the fall of metals on the international market.
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/ 31 January 2008
Platinum miner Zimplats Holdings said on Thursday its revenue jumped 57% in the last quarter of 2007 on the back of higher production, but concerns remain over power supply problems. Revenue for the three months to December was ,67-million, up from ,57-million in the previous quarter.