Zimplats , an Australian-listed platinum producer controlled by South Africa’s Impala Platinum, has confirmed it received a letter from Zimbabwe’s indigenisation minister Saviour Kasukuwere, recommending the cancellation of its operating licence in the country.

The Zimbabwe government is forcing foreign miners, including Australian-listed Rio Tinto and Aquarius Platinum, to comply with legislation that cedes 51 per cent ownership to black Zimbabweans.