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Aquarius’s Mimosa Unit Gets Letter From Zimbabwean Minister Rejecting Plan

Aquarius Platinum Ltd. (AQP) said its Zimbabwean subsidiary, Mimosa Holdings, received a letter on Aug. 19 from the Minister of Youth Development, Indigenisation and Empowerment that, inter alia, rejects the proposed plan for indigenisation submitted by Mimosa and requires that Mimosa submit a revised proposal by the end of August. “Mimosa’s senior management remains in discussions with all of the various relevant Zimbabwean authorities,” Aquarius said in a regulatory filing.

To contact the editor responsible for this story: Victoria Batchelor at vbatchelor@bloomberg.net

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