Harare, Zimbabwe — 04 April 2012 – The government of Zimbabwe has approved Anglo American Platinum’s indigenisation plan for its Unki Platinum Mine, a Zimbabwe state source told Miningmx.
“Anglo Platinum’s Unki presentation was good and compliant,” the source said. “It is 51% vendor financed and not argumentative.”
An Anglo American Platinum spokesperson said that although the company had submitted its plan for the indigenisation of Unki Platinum Mines, no official response had been received. A meeting with the Zimbabwean government had, however, been scheduled.
Zimbabwe’s state-controlled newspaper “The Herald”, citing the country’s indigenisation minister, Saviour Kasukuwere, had said earlier that Anglo American Platinum was ready to submit plans on how it would cede control of the Unki mine.
There has been an acceleration in the implementation of indigenisation this year, with Impala Platinum reaching an in-principle agreement to sell 51% of its shares in Zimplats to the state, employees of Zimplats and the local mining community.
Kasukuwere told Miningmx that a similar plan had been reached for Mimosa Platinum Mines, which Aquarius Platinum and Impala share on a 50:50 basis. However, this has not been confirmed by the shareholders at this stage.
The state source went on to say that the plan would help in terms of confidence building between Unki and the state. “The positive attitude was appreciated and will be very helpful going forward.”
Unki produced 51,600oz in its last financial year on ore production of just over 100,000tpm. The mine is planned for full capacity of 120,000tpm which it is scheduled to reach in 2013.
Source: Miningmx. For more information click here.