Leading platinum mining firm Zimplats says Zimbabwe’s government is trying to forcibly take half of its mining ground, and has given it 30 days to object.
This is the third time since February 2012 that President Robert Mugabe’s government has issued a notice to seize 27,948 hectares of mining ground from Zimplats, the country’s largest platinum producer, Reuters news agency says.
Zimplats, which is 87% South African-owned, said it was “engaging” with the government over the issue.
The government issued a notice on 13 January, giving it a month to oppose the “compulsory acquisition”, the company said in a report unveiling its September-December financial results.
Zimbabwe’s government introduced a controversial indigenisation law in 2007, pushing foreign firms to give a majority stake to locals.
The opposition says the policy has been badly implemented and, along with the seizure of white-owned farms, has destroyed the economy.
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