News

KARO Mining Holdings, controlled by Loucas Pouroulis, whose plan is to set up a multi-million-dollar platinum refinery plant in the country, currently employs 11 people, four years after it was allocated vast mineral claims sitting on 23 000 hectares along the resource-rich Great Dyke area, the Zimbabwe Independent can reveal. This comes a week after […]

ZIMBABWE hosts Impala Platinum’s (Implats’) best operating division in the form of subsidiaries Zimplats and Mimosa Platinum and having the country seen as “risky” by other mining companies actually helps the group. That’s the view of Implats CEO Nico Muller who told delegates at the PGMs Industry Day investment conference held in Johannesburg that Implats […]

THE Zimbabwe Investment and Development Agency (Zida) approved 126 new investment projects last year with a combined value of US$557,8 million. Zida acting chief executive Duduzile Shinya said since her organisation was formed, there has been significant improvement in FDI flowing into the country, largely driven by the “Zimbabwe is open for business approach”. “There […]

Zimbabwe’s mining industry sees a funding shortfall of $10 billion (~R145 billion) over the next five years, a challenge compounded by erratic power supplies and exchange-rate volatility. While Zimbabwe has the world’s third-biggest reserves of platinum-group metals, plus gold, diamond and chrome mines, development has been stymied by political instability, economic collapse and rules that […]

Tharisa, the South African miner run by the Pouroulis family, plans to start producing platinum in Zimbabwe within 24 months after acquiring a controlling interest in the Karo mine. While Zimbabwe has the world’s third-biggest reserves of platinum-group metals, development has been stymied by political instability, economic collapse and previous local-ownership rules. Impala Platinum, Anglo […]