Published: 21 March 2018

Great Dyke Investments (GDI) says it will invest $400 million to build a precious metals mine and smelter at its Darwendale Project near Harare.

The investment is the first stage of a total investment estimated at $3 billion in what the company says will be the world's biggest Platinum Group Metals (PGM) asset.

GDI is a 50:50 joint venture between Russia's JSC Afromet and Zimbabwe's Pen East Ltd and expects to produce up to 855 000 ounces of platinum group metals and gold annually, nearly double the country's production in 2017.
- Daily News

You might also want to read this

• Zimbabwe to unveil platinum policy
• Global platinum market headed for surplus
• $4.2bn platinum deal on schedule
• Govt steps up platinum value addition efforts
• GPR, Chinese partner revive $1,7bn platinum plan
• Zimbabwe's $4,2bn game changer, 90 000 jobs
• Zimbabwe signs $4.2bn platinum deal
• Great Dyke to build $400m processing plant in Zim
• Platinum output to remain stable
• Zim to introduce 15% penalty tax on platinum