Russian Firms Make Move on Zimbabwe Platinum Field

AllAfrica reported that a consortium of companies that includes Rostec and Vneshekonombank plans to invest in Ruschrome Mining (Pvt) Ltd. and in doing so gain a 40-percent stake in one of the largest platinum fields in the world.

As quoted in the market news:

The parties hope to exploit the Darwendale platinum project’s 19 ts in proven reserves and 775 total ts of metals including palladium, gold, nickel and copper.

Ruschrome is partly owned by the Zimbabwean government and the Centre of Business Cooperation with Foreign Countries, an association of machinery and defence firms that will retain a ten per cent stake in the project.

The consortium also includes the Netherlands-based aluminium company Vimetco.

Click here to read the full AllAfrica report.