Government impressed with progress at two platinum projects
Sun June 12 2022
Government is impressed by the progress being registered in developing two platinum mining projects including the one in Darwendale where a local mining house increased its stake in the project to 50 percent.
The Great Dyke Investments-owned Darwendale Platinum project in Mashonaland East Province is expected to increase national platinum output once it is finished.
Commenting on the increase in the mine’s stake by a local mining house, Kuvimba Mining to 50 percent, Mines and Mining Development Minister, Honourable Winston Chitando said it is a game changing move that is expected to fast track the sector’s target of US$3 billion.
“The Darwendale Platinum project is the one which we expected to accelerate our attainment of the vision set by government and I am reliably informed that after developing the first box cut, they are ramping up the development of the mine which will see production starting soon,” he said.
Minister Chitando is also impressed by another platinum mining project being developed by South Africa’s listed miner, Tharisa, which is investing hundreds of millions of dollars into the project.
“Tharisa is investing over 250 million dollars in developing the mine after it took over Karoo Resources this year as they look forward to starting production.”
Zimbabwe is edging close to the attainment of the US$12 billion mining vision by 2023 and these two projects are expected to even surpass the target once they start production.