Impala Unit’s Land Is Grabbed by Zimbabwe With 30 Days to Appeal

http://www.bloomberg.com

By Godfrey Marawanyika & Brian Latham – Mar 2, 2013 1:14 AM GMT+1000

Impala Platinum Holdings Ltd. (IMP)’s unit Zimplats Holdings Ltd. (ZIM) will
have 27,498 hectares (67,949 acres) of land seized by Zimbabwe, with the
company given 30 days to appeal, according to a decree today in the
Government Gazette.
“The President intends to acquire compulsorily part of the land held by
Zimplats Holdings Ltd. under special mining lease,” it said. The Gazette
publishes new and amended laws.
Impala and Zimplats officials didn’t immediately pick up phone calls from
Bloomberg News seeking comment. Zimbabwe has the second-largest known
platinum deposits after South Africa.

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Impala Unit’s Land Is Grabbed by Zimbabwe With 30 Days to Appeal