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Zimbabwe Threatens to Seize Platinum Concession From Eurasian Resource Affiliate


Zimbabwe Threatens to Seize Platinum Concession From Eurasian Resource Affiliate
Ray Ndlovu and Godfrey Marawanyika, Bloomberg News
Platinum ore. Photographer: Waldo Swiegers/Bloomberg
, Bloomberg
(Bloomberg)
Zimbabwe’s mines minister has informed Todal Mining Ltd., a venture controlled by Eurasian Resources Group, that its platinum mining concessions could be seized because no progress has been made in developing them.
The Bokai and Kinonde concessions may be taken over under the “use-it/lose-it principle” which allows the state to repossess idle mining claims, Minister Winston Chitando said in a letter to Todal dated May 28 and seen by Bloomberg. The mines ministry confirmed the veracity of the document. ....

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Zimbabwe Threatens to Seize Platinum Concession From Eurasian Resource Affiliate

(Bloomberg)

Zimbabwe’s mines minister has informed Todal Mining Ltd., a venture controlled by Eurasian Resources Group, that its platinum mining concessions could be seized because no progress has been made in developing them. ....

United States , Central African Republic , Central African , Winston Chitando , Anglo American Platinum Ltd , Central African Mining Exploration Co , Eurasian Resources Group , Eurasian Natural Resources Co , Todal Mining Ltd , Minister Winston Chitando , Central African Mining , Eurasian Resources , ஒன்றுபட்டது மாநிலங்களில் , ஆங்கிலோ அமெரிக்கன் வன்பொன் லிமிடெட் , யூரேசியன் வளங்கள் குழு , யூரேசியன் வளங்கள் ,

Zimbabwe might seize Todal Mining's platinum concessions

These may be taken over under the ‘use-it/lose-it’ principle, which allows the state to repossess idle mining claims, minister Winston Chitando says ....

United States , Mashonaland East , Central African Republic , Central African , Winston Chitando , Eurasian Resources Group , Todal Mining , Anglo American Platinum , Central African Mining , Eurasian Natural Resources , Eurasian Resources , Mining Claims , ஒன்றுபட்டது மாநிலங்களில் , மஷோனலண்ட் கிழக்கு , யூரேசியன் வளங்கள் குழு , ஆங்கிலோ அமெரிக்கன் வன்பொன் , யூரேசியன் இயற்கை வளங்கள் , யூரேசியன் வளங்கள் , சுரங்க கூற்றுக்கள் ,

Govt Threatens To Seize Platinum Concession


Bloomberg
ZIMBABWE’S Mines Minister has informed Todal Mining, a venture controlled by Eurasian Resources Group, that its platinum mining concessions could be seized because no progress has been made in developing them.
The Bokai and Kinonde concessions may be taken over under the “use-it/lose-it principle” which allows the state to repossess idle mining claims, Minister Winston Chitando said in a letter to Todal dated May 28 and seen by Bloomberg. The Mines Ministry confirmed the veracity of the document.
“I note with concern that over the last few years there have been several changes to the work program to make this project progress to production stage,” Chitando said in the letter. ....

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