Russian-Zimbabwean platinum JV to invest $500M in project

Photo: Great Dyke Investments

Russian-Zimbabwean platinum joint venture Great Dyke Investments has unveiled plans to invest some $500 mil-lion in the first phase of its Darwendale project in Zimbabwe.


"At a production rate of 3.5-million tonnes a year, the Darwendale project will produce an average of 280,000 oz/y of PGM and gold at Phase 1," the company said in a statement. "A two-stage expansion plan will increase its throughput capacity to 10.5-million tonnes a year with metal production reaching 860,000 oz/y of PGM and gold."


Great Dyke Investments is controlled by Russia’s Afromet JSC and Zimbabwe’s Landela Mining Venture Ltd.