HARAREZimbabwe‘s government has made a fresh attempt to seize more than half of platinum producer Zimplatsmining land, the company said on Tuesday.

It said it received a new notice from President Robert Mugabe‘s administration on January 13 that the government wanted to seize the land and gave the company 30 days to lodge an objection.

This is the third time since February 2012 that the government has issued a notice to seize 27 948 ha of mining ground from Zimplats, the country’s biggest platinum producer. It objects to the acquisition.

Zimplats, which is 87% owned by South Africa‘s Impala Platinum, owns a total of 48 535 ha in mining claims.

“The operating subsidiary (Zimplats) is engaging the government of Zimbabwe on the matter,” the company said in its third-quarter results statement.

It did not give more details on the issue. Mines Minister Walter Chidhakwa did not answer his mobile phone when contacted for comment.

Mugabe’s government has previously defended the decision to seize Zimplats land, saying the miner had an excessive amount of land and it wanted to distribute the claims to new companies.

Source: Reuters


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