Zimbabwe: Russians plan platinum mine

Comment on this story

A ZIMBABWE-Russia joint venture company, Ruschrome Mining, planned to invest $1.6 billion (R17.1bn) in developing a platinum mine and constructing a smelter and refinery in Darwendale, about 70 km west of Harare, the Herald newspaper reported yesterday. Ruschrome is jointly owned by the state’s Zimbabwe Mining Development Corporation and a consortium of Russia’s Vi Holding, defence conglomerate Rostec and Vnesheconombank. The Herald quoted Mines Minister Walter Chidhakwa as saying the parties would sign a deal in Harare next month, with mining operations scheduled to start early next year. In the first phase a mine and a $500 million concentrator would be built. Chidhakwa said a platinum and base metals refinery was still being finalised. – Reuters

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines