Zimbabwe and Russia on Tuesday signed a $3-billion deal to develop a platinum mine in Darwendale, targeting production of 250 000 oz/y within three years, a presentation by the Zimbabwean ministry of mines showed.
The presentation said the mine would have peak production of 800 000 oz/y, which should help Zimbabwe produce one-million ounces a year in five years’ time.
President Robert Mugabe and Russian Foreign Minister Sergey Lavrov oversaw the signing of the agreement in Darwendale, 70 km west of Harare.
via Mining Weekly
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.