Bloomberg News

Zimbabwe’s Mimosa Mine Transfers 10% Stake to Community

December 13, 2011

Dec. 12 (Bloomberg) -- Mimosa Mining (Pvt) Ltd., a Zimbabwean joint venture between Aquarius Platinum Ltd. and Impala Platinum Holdings Ltd. transferred a 10 percent stake to the community, said Saviour Kasukuwere, the empowerment minister.

The agreement is the first phase of the company’s efforts to meet the country’s ownership law, Kasukuwere told reporters today in Harare, the capital.

Talks with Zimbabwe Platinum Ltd. are continuing and “making very good progress,” he said.

To contact the reporter on this story: Godfrey Marawanyika in Johannesburg at gmarawanyika@bloomberg.net

To contact the editor responsible for this story: Gordon Bell at gbell16@bloomberg.net


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