The country’s industry is dominated by South African operators such as Anglo Platinum, Impala Platinum and Sibanye Stillwater. New investor Karo Resources has also entered and will today hold a groundbreaking ceremony at its site in Mashonaland.
It will operate on land taken over by the government from Zimplats, the Zimbabwean unit of Implats.
President Emmerson Mnangagwa is expected to attend the event.
Karo has signed a $4.2billion (R56.9bn) deal for the investment, while Tharisa has also advanced an $8million funding facility for Karo to kickstart the Zimbabwe operation, which will include a mine and beneficiation facility.