Published: 23 September 2013

South African-based producer of platinum group metals Anglo American Platinum (Amplats) has launched an investigation into its wholly owned local subsidiary Unki Platinum Mine over a multi-million-dollar housing project that has gone sour after allegations of "exploitative contracts" that were given to Zimbabwean contractors, it has emerged.

In addition, the investigations extend to a “suspicious” deal between the miner's agent and a company roped in to supply materials.

Unki management has since confirmed the probe.

It is believed that the Johannesburg Stock Exchange-listed concern is worried that there might be a serious breach in the way the contracts with local contractors were negotiated, a development that might ultimately dent the construction project and inflate the aggregate cost of the venture.

- Sunday Mail

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