Mining News

Impala stalls Zimbabwe platinum approach over ownership concern

Zimbabwe’s plan to develop one of the world’s biggest platinum mines stalled after Impala Platinum Holdings asked for greater transparency on the ownership of a State-run company before considering a joint venture. Impala, the third-largest producer of platinum group metals, was approached by Great Dyke Investments, which owns the Darwendale project, said two people familiar with the talks who asked not to be identified because they aren’t public. It wants more information about the government’s Kuvimba Mining House, which is 35% owned by private shareholders the state has yet to identify.

Share this article