JOHANNESBURG, South Africa, March 6, 2006 (PRIMEZONE) -- Impala Platinum Holdings Limited (Implats) (Pink Sheets:IMPUY) (LSE:IPLA) (JSE:IMP) confirms that the group is in receipt of a cabinet approved draft proposal relating to ownership of the Zimbabwean platinum industry.
Implats believes the proposal is not in the best interests of developing the platinum industry in Zimbabwe and is inconsistent with previous discussions with the Zimbabwean Government.
The company will actively engage with and seek further clarity from the Zimbabwean Government on the proposal and remains hopeful that a solution will be found in the best interests of Zimbabwe and the companies invested there.