China May Aid Zimbabwe in Platinum Refinery Set Up

Bloomberg reported that Lin Lin, a Chinese ambassador, said his country is willing to help Zimbabwe set up its first platinum refinery.

As quoted in the market news:

Zimbabwe’s Finance Minister Patrick Chinamasa in January led a delegation to China to seek concessional loans, Lin Lin said. The ministry will send another delegation next week, he said.

The delegation met representatives of Sinosure, or the China Credit Export & Insurance Corp., and Export Import Bank of China, said Deputy Foreign Affairs Minister Christopher Mutsvangwa.

‘It’s now up to the Ministry of Mines to decide,’ he said. ‘We want to have a refinery here, so we said to them to show our good will on our relations between Zimbabwe and China we gave Global Platinum a license’ to seek platinum in the country.

Click here to read the full Bloomberg report.