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HARARE, Sept. 16 (Xinhua) -- Top Zimbabwean and Russian officials on Tuesday launched a joint venture platinum mine that will start producing platinum in
2017 with ultimate investment mounting to 4.8 billion U.S. dollars.
Located 70 km west of Harare, the 6,500-hectare Darwendale platinum mine is billed to become Zimbabwe's biggest platinum mine when partial development is
reached in 2021 with projected annual production of 530,000
ounces Air
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Zimbabwe, which holds the second largest platinum reserves in the world after South Africa, is currently producing 430,000 ounces of platinum annually from
three mines which are Zimplats, Unki and Mimosa.
The Darwendale mine is owned by a consortium of Zimbabwean investors operating under the name Pen East and Russian investors including VI
Holdings Air
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President Robert Mugabe and visiting Russian Foreign Minister Sergei Lavrov
attended the launch ceremony.
Speaking at the launch, Hesphina Rukato, the chairperson of the mining group -- Great Dyke Investments -- said the mine will be developed in three phases,
with the first phase running from 2014 to 2017 entailing exploration,
infrastructure development and commissioning of mining facilities.
The second phase from 2018 to 2021 will entail the establishment of a new mine and expansion of concentration capacity to produce
530 Air
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and full development phase will run from 2022 to 2024 and will see the expansion
of platinum production to 800,000 ounces per year.
Rukato said the cost of the project for mining and establishment of a smelter is 3 billion U.S. dollars but will rise to 4.8 billion U.S. dollars after the
establishment of a refinery between 2022 and 2024. The mining project will
create 2,000 jobs in the first phase and a minimum of 5,000 in each of the two
other phases.
Rukato explained that exploration work for the project started in 2006 but was suspended after encountering financial difficulties. New investors who came
in 2013 resuscitated the project.
Speaking at the same occasion, Zimbabwean Mines Minister Walter Chidhakwa said the project will start adding
250 Jordan
6 Gatorade Green Mens 2017 ,000 ounces to Zimbabwe's total platinum
production in 2017.
He said with four more platinum concessions, Zimbabwe could easily reach 1 million platinum ounces per year in the next five years if these four were fully
developed.
A statue is seen upon its arrival at the restoration laboratory of the Grand Egyptian Museum (GEM) in Cairo, Egypt, on Sept. 20, 2017. A batch of statues
were transported from the Egyptian Museum to the GEM on Wednesday. The GEM is
still under construction and scheduled to be opened in 2018. (XinhuaAhmed Gomaa)
Wildlife paradise: Changtang National Nature Reserve in China's Tibet
PLA Navy frigates introduced to visitors at Port of Antwerp Jordan
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Aviation Expo China 2017 held in Beijing
China to build cross-provincial national park for giant panda
Aerial view of paddy fields in SW China's Guizhou
Special snacks displayed during 14th China-ASEAN Expo
Scenery of paddy fields in Baicheng, NE China's Jilin
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