Zimbabwe: Full compensation ‘unlikely’ after Implats indigenisation deal

An international mining analysis group has warned that platinum mining giant Implats will be unlikely to receive full compensation for its shares, which the group has agreed to hand over as part of Zimbabwe’s indigenisation laws. Implats, which owns the Zimplats mining firm in Zimbabwe and is the country’s largest single foreign investor, has conceded to the ZANU PF led indigenisation campaign, agreeing to a 51 per cent share handover.