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The second largest producer of platinum, Impala Platinum (Implats) has advised its shareholders that the government of Zimbabwe has shown its intention to compulsorily acquire 50% of Zimplats (an Implats subsidiary) mining claims.

This was revealed to Implats through Government Gazette Extraordinary dated 1 March 2013 in which it pointed out that Zimplats had 30 days from the publication of the Gazette Extraordinary to lodge a written objection with the acquiring authority.

The Zimbabwean government said that such claims would be used for the benefit of the public.

Implats and Zimplats advised that they were taking legal advice in order to protect their rights and, in addition, remained in consultation with the relevant Government authorities.

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