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Russian Consortium to Explore Zimbabwe Platinum Field
Jun. 06, 2014 09:09AM PST
Precious Metals Investing
ITAR-TASS reported that a group of Russian companies including Vneseconombank, Russian Vi Holding and state defense conglomerate Rostec are planning to explore a platinum field in Darwendale in Zimbabwe. The platinum field is thought to be the second largest in the world, according to ITAR-TASS.
ITAR-TASS reported that a group of Russian companies including Vneseconombank, Russian Vi Holding and state defense conglomerate Rostec are planning to explore a platinum field in Darwendale in Zimbabwe. The platinum field is thought to be the second largest in the world, according to ITAR-TASS.
As quoted in the publication:
The platinum field in the Darwendale valley has proved reserves of 19 tonnes of platinum and 755 tonnes of previous metals including palladium, rhodium, gold, nickel and copper in platinum equivalent. After the mining and processing complex is launched, the production capacity can amount to 600,000 ounces of platinum annually.