Platinum

  • Business Briefs

    Nigerian billionaire to sink US$1bn in Zimbabwe’s platinum sector

    By Mutsa Makuvaza NIGERIAN oil magnate Benedict Peters is veering into platinum mining in Zimbabwe with his company, Bravura Holdings Ltd., investing US$1 billion in that sector, Bloomberg has reported. Peters owns Aiteo Eastern E & P Company Ltd., Nigeria’s biggest domestic oil producer. Bravura Holdings, according to its country manager, Lionel Mhlanga, has concession to dig 3,000 hectare (7,413-acre)  for…

    Read More »
  • Business Briefs

    Russians offer Impala stake in Zimbabwe’s biggest platinum venture

    The owners of a Russian-backed project to build Zimbabwe’s biggest platinum mine have held talks to sell a stake of at least 20% to Impala Platinum Holdings Ltd., according to people familiar with the matter. Great Dyke Investments views Impala as an attractive partner partly because the Johannesburg-based company also has the capacity to process ore from the mine, said…

    Read More »
  • Business Briefs

    Zimbabwe’s largest platinum project to take off

    Russian-Zimbabwean platinum venture Great Dyke Investments (GDI) has cleared an important hurdle to develop what it would be the African nation’s largest mine of the precious metal. GDI, 50% owned by Russia’s Vi Holding and Zimbabwean investors, said the African Export-Import Bank had completed a due diligence study allowing it to proceed with a $500 million funding program for the Darwendale project’s…

    Read More »
Back to top button