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Zimbabwe 'Indigenization' Plan Burdens Implats' $10 Billion Platinum Expansion

metals_minerals

Industry Segment: Metals & Minerals | Word Count: 548 Words

JOHANNESBURG--September 1, 2011--Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--With platinum reserves in Zimbabwe worth more than $20 billion at current prices, the world's second-largest producer of the metal, Impala Platinum Holdings Limited (Implats) (PINK:IMPUY) (Johannesburg), is negotiating its way out of an impasse brought on by the Zimbabwean government's corporate "indigenization" stakeholder initiative.


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