Zimbabwe's New President Chalks Up $4.2 Billion PGM Deal
- Investment is largest in Zimbabwe mining history: Chitando
- Zimbabwe has world’s second-biggest platinum reserves
This article is for subscribers only.
Karo Resources, a company linked to mining entrepreneur Loucas Pouroulis, will spend $4.2 billion on a Zimbabwean platinum project in the first big investment since President Robert Mugabe’s ousting in November.
The deal is the largest to date in Zimbabwe’s mining industry, Mines Minister Winston Chitando said. President Emmerson Mnangagwa has declared the “country open for business” as he seeks to revive the economy and attract investment.