Platinum mining

  • Business Briefs

    Russian-owned platinum venture sells shares to Tagwirei-linked firm

    GREAT Dyke Investments (GDI), a Russian-backed project planning to build Zimbabwe’s biggest platinum mine, has sold a 4.4% stake to Fossil Mines Ltd. as Covid-19 disrupted fundraising for the venture. Fossil, owned by Zimbabwe’s Obey Chimuka, will invest US$30 million in the Darwendale project, through a combination of cash and services, including for engineering, procurement and construction. Obey Chimuka, managing…

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