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IMP - Impala Platinum Holdings Limited - Zimbabwean Indigenisation and

Release Date: 09/09/2011 12:00
Code(s): IMP
Wrap Text

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 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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