Zimplats hands over 24,000 hectares of land Mnangagwa's govt

Zimplats hands over 24,000 hectares of land Mnangagwa's govt
Published: 06 June 2018 (1191 Views)
ZIMBABWE'S largest platinum miner, Zimplats, has agreed to release to the Zimbabwe Government land measuring 23  903 hectares within Zimplats' mining lease area in support of the Government's efforts to enable participation by other investors in the platinum mining industry in Zimbabwe, the Business Daily reported.

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. The smaller area hosts the historical Hartley mining area and Selous Metallurgical Complex, while the other hosts the Ngezi mining operations, including the future portal 10 mining area. These mining leases replace the special mining lease held by Zimplats, which was due for renewal in August 2019.
 
The two mining leases issued to Zimplats' operating subsidiary are valid for the life of mine of Zimplats' mining operations and secure the operating subsidiary's mining tenure.

The Government of Zimbabwe's had intention to compulsorily acquire land measuring 27 948 hectares within Zimplats' special mining lease area.


- Business Daily

 0

You May Like These Videos

Comments

There are no comments.

Latest stories

Man loses 'Toyota Raum' to robbers

by Simbarashe Sithole | 21 September 2018 | 112 Views

International media stampede to interview Mnangagwa

by Staff Reporter | 21 September 2018 | 127 Views

Brutalising vendors must stop

by Jacob Mafume, MDC National Spokesperson | 21 September 2018 | 113 Views

I doubt if Dabengwa really endorsed Mnangagwa - Mthwakazi activist

by Stephen Jakes | 21 September 2018 | 147 Views

President Mnangagwa debuts at UNGA

by Bevan Musoko | 21 September 2018 | 138 Views

BREAKING: Harare - Johannesburg Intercape bus in accident, 10 people dead

by Staff reporter | 21 September 2018 | 281 Views

Stop unnecessary traveling to cholera affected areas - MIHR

by Stephen Jakes | 21 September 2018 | 108 Views

We need Mthwakazi restoration soon

by Stephen Jakes | 21 September 2018 | 99 Views

Rural development agenda should be on the priority list

by Stephen Jakes | 21 September 2018 | 100 Views

IMF offers to help Zimbabwe clear arrears

by Staff reporter | 21 September 2018 | 210 Views

Mugabe's party rejoins Mnangagwa's Zanu-PF

by Staff reporter | 21 September 2018 | 215 Views

Streak seeks ZC liquidation

by Staff reporter | 21 September 2018 | 124 Views

'Chamisa must not waste time fighting Mnangagwa'

by Staff reporter | 21 September 2018 | 221 Views

Chipanga appeal thrown out

by Staff reporter | 21 September 2018 | 159 Views

New minister cracks the whip

by Staff reporter | 21 September 2018 | 149 Views

Deal decisively with Parly delinquents

by Zvamaida Murwira | 21 September 2018 | 119 Views

Mthuli Ncube faces tough choices

by Lovemore Chikova | 21 September 2018 | 142 Views

Currency reform answer to Zimbabwe's economic woes

by Bongani Ngwenya | 21 September 2018 | 129 Views

Dabengwa ditches Chamisa, endorses Mnangagwa?

by Staff reporter | 21 September 2018 | 135 Views

Sibusiso Moyo alive & well

by Staff reporter | 21 September 2018 | 127 Views

'Mugabe University not a priority'

by Staff reporter | 21 September 2018 | 113 Views

Chamisa battles open rebellion

by Staff reporter | 21 September 2018 | 141 Views

Prophet up for pregnant woman rape

by Staff reporter | 21 September 2018 | 94 Views

Bulawayo pins hopes on devolution

by Staff reporter | 21 September 2018 | 79 Views

Nust shut down

by Staff reporter | 21 September 2018 | 131 Views

Zimbabweans want US or Zim dollar only, not SA Rand

by Staff reporter | 21 September 2018 | 130 Views

Chamisa's MDC Alliance starts merging into single party

by Staff reporter | 21 September 2018 | 82 Views

Vic Falls man hangs self after bar brawl

by Staff reporter | 21 September 2018 | 72 Views

Cholera hits Beitbridge

by Staff reporter | 21 September 2018 | 69 Views

Cop up for assault

by Staff reporter | 21 September 2018 | 49 Views

Gumbura hires Madhuku to challenge delayed trial

by Staff reporter | 21 September 2018 | 61 Views

Devolution will develop provinces with natural resources

by Staff reporter | 21 September 2018 | 45 Views

Family evicted, dumped in the bush

by Staff reporter | 21 September 2018 | 45 Views

Soul Brothers coming to Bulawayo

by Staff reporter | 21 September 2018 | 89 Views

Zimbabwean scientist wins Cambridge scholarship

by Staff reporter | 21 September 2018 | 48 Views

MDC Alliance activist jailed over arson threats

by Staff reporter | 21 September 2018 | 37 Views