Zim, Russia sign $3 billion platinum mine deal

Sep 16, 2014 12:00 AM

Zimbabwe and Russia have signed a $3 billion deal to develop a platinum mine in Darwandale, targeting production of 250,000 ounces annually within three years, a presentation by the Zimbabwean ministry of mines ministry showed.

The presentation said the mine would have peak production of 800,000 ounces a year, which should help Zimbabwe produce 1 million ounces annually in five years time.

President Robert Mugabe and Russian Foreign Minister Sergey Lavrov oversaw the signing of the agreement in Darwendale, 70 kilometres west of Harare.

Alexander's Commentary

Change of face - change of phase

In the period of July 20 till August 3, 2015, Alexander will be out of the office and the site will not or only irreg

read more ...
« July 2019 »
July
MoTuWeThFrSaSu
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31

Register to announce Your Event

View All Events