Russia Group Forms for $3 Billion Zimbabwe Platinum Mine Project
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Vi Holding, a closely held Russian company, and state corporations Rostec and Vnesheconombank formed a group to develop the world’s second-largest platinum deposit in Zimbabwe, Rostec’s press office said.
Today’s comments from Moscow-based Rostec confirmed Russian press reports from earlier this week. The partners may invest as much as $3 billion in the Darwendale resource, with possible production capacity of 600,000 ounces of platinum a year, Kommersant said yesterday, citing people familiar with the situation that it didn’t identify.