IMP
IMPO
IMP - Impala Platinum Holdings Limited - Zimbabwean Indigenisation and
Economic Empowerment Legislation
Impala Platinum Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1957/001979/06)
ISIN: ZAE000083648
JSE Share Code : IMP
LSE Share Code : IPLA
ADR Code : IMPUY
("Implats")
ZIMBABWEAN INDIGENISATION AND ECONOMIC EMPOWERMENT LEGISLATION
Further to the announcement dated 23 August 2011, Implats confirms that its
Zimbabwean subsidiary, Zimbabwe Platinum Mines (Pvt) Limited ("Zimbabwe
Platinum Mines"), received a letter dated 6 September 2011 from the
Zimbabwean Minister of Youth Development, Indigenisation and Empowerment
(the "Minister") in which the Minister advised that Zimbabwe Platinum
Mines` Indigenisation Plan did not meet the minimum requirements of the
law and that accordingly, the Minister had requested the Zimbabwean
Minister of Mines to cancel Zimbabwe Platinum Mines` operating licence.
This development follows several meetings between management and the
relevant authorities regarding Zimbabwe Platinum Mines` Indigenisation
Plan.
Shareholders are advised that the Zimbabwe Platinum Mines` operating
licence has not been cancelled and discussions between management and the
relevant authorities in this regard are on-going despite the Minister`s
letter of 6 September 2011. Implats will continue to inform shareholders of
on-going material developments.
9 September 2011
Johannesburg
Issued by sponsor: Deutsche Securities (SA) (Proprietary) Limited
Date: 09/09/2011 12:00:16 Produced by the JSE SENS Department.
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