Russian Consortium to Explore Zimbabwe Platinum Field

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.

Click here to read the full ITAR-TASS article.

Get the Latest Platinum Investing Stock Information

Get the latest information about companies associated with Platinum Investing delivered directly to your inbox.

Other Companies

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.


Leave a Reply