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Additional News in English | Još vesti na Srpskom | Επιπλέον ειδήσεις στα Ελληνικά |  |
Text |  |
Balkans.com Business News Correspondent - 05.03.2013
A CYPRUS-BASED firm has expressed interest in setting up a $4 billion platinum mine following government’s repossession of huge mining ground previously held by the country’s top mining company reports newsday.co.zw.
According to a letter seen by NewsDay, Karo Resources Limited, through its chairman Loucas Pouroulis last month wrote to Mines and Mining Development minister Obert Mpofu seeking permission to mine the white metal on land which was acquired from Zimplats.
The government has since gazetted the acquisition of the ground previously held by Zimplats, giving legal effect to the development.
The acquisition, according to the Mines minister, is aimed at courting new players in the platinum sector amid concerns that some investors were holding onto the mining ground for speculative purposes.
Zimbabwe has the second-largest known platinum reserves after South Africa.
Related News in English |
Povezane vesti na srpskom |
Συναφείς Ειδήσεις στα Ελληνικά |