Business / Companies
Aquarius Platinum confirms receiving Kasukuwere's letter
22 Aug 2011 at 05:20hrs | Views
Aquarius Platinum confirms recent media comment to the effect that its (indirectly held) Zimbabwean subsidiary, Mimosa Holdings (Pvt) Ltd ("Mimosa"), received a letter on Friday, 19 August 2011 from the Minister of Youth Development, Indigenisation and Empowerment that, inter alia, rejects the proposed plan for indigenisation submitted by Mimosa on Monday, 9 May 2011, and further requires that Mimosa submit a revised proposal by the end of August.
Mimosa's senior management said it remains in discussions with all of the various relevant Zimbabwean authorities in order to ensure that a satisfactory position is arrived at within the timeframes required by the relevant legislation. Further disclosures to shareholders will be made as information in respect of this process becomes available.
Mimosa's senior management said it remains in discussions with all of the various relevant Zimbabwean authorities in order to ensure that a satisfactory position is arrived at within the timeframes required by the relevant legislation. Further disclosures to shareholders will be made as information in respect of this process becomes available.
Source - Byo24News
