ZIMBABWE28 Feb 2010 20:51
Impala are well established in Zimbabwe, from at least as far back as 2001 http://www.highbeam.com/doc/1G1-73459463.html so are in pretty safe territory in respect of ongoing dealings in there.
Recent article published reads as follows:
DJ Zimbabwe: Companies Can Choose Own Partners Under 51% Law
BULAWAYO, Zimbabwe (AFP)--Zimbabwe stands by a new law requiring major foreign firms to sell 51% stakes to locals, but will allow companies to choose their own partners, a cabinet minister said Friday
Natural resources:
• coal
• chromium ore
• asbestos
• gold
• nickel
• copper
• iron ore
• vanadium
• lithium
• tin
• platinum group metals
•
• The 2002-2007 global mining boom is expected to resume by the end of 2010 and Government has a window of opportunity to prepare a conducive policy environment, Prime Minister Morgan Tsvangirai has said.
• "This could see Zimbabwe’s mineral sector attracting between US$6 billion and US$16 billion in exploration and mine development investment during the 2011-2018 period," he said.
• The Prime Minister was speaking during the Zimbabwe Chamber of Mines’ 70th Annual General Meeting last week.
• He lamented the low mining exploration activity in the country, saying that minerals were a depleting resource and there was need to continue exploration activities in order to identify new deposits.
Big operator in there since 2001 is: IMPALA PLATINUM LSE:IPLA
Held 30% along with Govt ZIMPLAT.........would appear they can now legally increase their cut of the cake to 49%....if they were interested in doing so.