Zimbabwe: U.S $3 Billion Project Commissioned

17 September 2014

ZIMBABWE and Russia yesterday commissioned a historic $3 billion platinum mining project in Darwendale that is expected to stimulate growth in various sectors of the economy over the next few years.This is the biggest joint venture Government has entered with a foreign investor in the history of independent Zimbabwe, with nearly a million ounces of platinum expected to be produced annually, while thousands of jobs would be created.

The Russians have already secured funding for the project and drilling is ongoing with Zimbabwe availing swathes of land with vast platinum deposits.

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