The outcome was announced in a joint media briefing between the Minister of Youth Development, Indigenisation and Economic Empowerment, Cde Saviour Kasukuwere and Zimplats Chairman, Mr David Brown, who said the platinum mining giant is happy to conform to the countryâ€™s indigenisation and economic empowerment policy.
“We have agreed a process and we will be working on that process and submit a reviewed [indigenisation] plan by the 15th of November,” Mr Brown said.
Minister Kasukuwere said a mutual agreement that guarantees a win-win situation between government and the company was agreed upon after a two day deliberation.
“I am pleased to say Zimplats and us as a ministry have agreed on a process that will see us move to achieve our objectives in line and reflectinve of the laws of Zimbabwe,” said Cde Kasukuwere.
Zimplats is owned by a South African platinum mining conglomerate, Implats and the government has insisted that under the countryâ€™s indigenisation and economic empowerment regulations, locals must benefit from the exploitation of the countryâ€™s vast natural resources.