Govt stalls Mimosa indigenisation talks

AQUARIUS Platinum mine local unit Mimosa says little progress has been made in ongoing negotiations with the government to conclude the drafting of the indigenisation agreement, it has been learnt.

Report by Victoria Mtomba

In its third quarter trading update yesterday, the platinum mine company owned 50/50 by Mimosa Investments and Impala Platinum Holdings Limited said in December 2012 a term sheet was concluded in respect of a proposed indigenisation implementation plan with the government.

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