Bloomberg News

Impala Unit’s Land Is Grabbed by Zimbabwe With 30 Days to Appeal

March 01, 2013

Impala Platinum Holdings Ltd. (IMP)’s unit Zimplats Holdings Ltd. (ZIM) will have 27,498 hectares (67,949 acres) of land seized by Zimbabwe, with the company given 30 days to appeal, according to a decree today in the Government Gazette.

“The President intends to acquire compulsorily part of the land held by Zimplats Holdings Ltd. under special mining lease,” it said. The Gazette publishes new and amended laws.

Impala and Zimplats officials didn’t immediately pick up phone calls from Bloomberg News seeking comment. Zimbabwe has the second-largest known platinum deposits after South Africa.

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

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net


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