Zimbabwe Wants Impala Land as $6.7 Billion Mine Plan Stalls
- Zimbabwean government says compulsory acquisition necessary
- Impala already handed over a third of mineral rights in 2006
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Zimbabwe has applied for a court order to force an Impala Platinum Holdings Ltd. unit to sell almost 28,000 hectares (69,000 acres) of its mining lease to the state, land the government says will benefit the economy.
The land, held under a lease by Zimplats Holdings Ltd. but owned by the state, hasn’t been developed as the company planned and as such is “excess” to requirements, the government argued in affidavits filed to the country’s administrative court.