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Impala Platinum sells 51% stake in Zimbabwe unit to locals

Cecilia Jamasmie | January 11, 2013 | 6:35 pm Base Metals Africa Canada Europe Platinum 

Zimbabwe’s largest platinum producer and exporter, Zimplats Holdings (ASX:ZIM) has agreed to sell a 51% stake to “indigenous entities” for $971 million under Harare’s controversial black empowerment laws. Zimplats, majority owned by South African Impala Platinum (LON:IPLA), the world's second-largest...

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