Zimplats Gives Government Unexploited Platinum Rich Land

5 years agoThu, 07 Jun 2018 00:32:23 GMT
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Zimplats Gives Government Unexploited Platinum Rich Land

Zimplats Holdings Limited, has agreed to release 27 948 hectares of its unexploited platinum rich land in the Ngezi area in Mhondoro to Government, resolving a mining land wrangle dating back to 2013.

In Spetember 2013, Government gave notice to compulsorily acquire the land, located within Zimplats’ special mining lease. Zimplats objected to Government’s compulsory land acquisition in terms of the Land Acquisition Act, on May 7, 2013. Said Zimplats:

Following this release of ground, Zimplats now holds two separate and non-contiguous pieces of land measuring in aggregate 24 632 hectares. Consequently, the operating subsidiary applied for and was granted with effect from 31 May 2018, two separate mining leases over the two pieces of land measuring 6 605 hectares and 18 027 hectares respectively. These mining leases replace the special mining lease, which was due for renewal in August 2019. The two mining leases issued to the operating subsidiary are valid for the life of mine of Zimplats’ mining operations and they secure the operating subsidiary’s mining tenure.

More: Herald

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