Local News

Chegutu RDC sues Zimplats over shares

NewsDay Staff ·

Chegutu RDC sues Zimplats over shares

Chairperson of Chegutu Rural District Council (RDC) has dragged the Zimbabwe Platinum Mines (Zimplats) Private Limited to court demanding 10% share capital in the mining company.

In his court application, Chegutu RDC chairperson Tatenda Gwinji said the company violated the Zimplats Mhondoro-Ngezi Chegutu/Zvimba share ownership trust (CSOT) agreement signed with the community in 2011.

In 2010, government established the CSOTs as vehicles to develop and empower communities in which mineral resources are mined.

This story is for NewsDay subscribers.

Discover more from Newsday

Subscribe now to keep reading and get access to the full archive.

Continue reading