The Anti- Russians and their Person Pals: Russian investors have quit Zimbabwe platinum project
(:E-:N-:R-AZ:C-30:V)
[This is in Zimbabwe, formerly Rhodesia. I'm delighted that yet another plan has tanked. Lovely. The Russians were our enemies. They armed and trained the People. I am happy that their deals are sinking. Platinum is very profitable, yet the Russians have had to quit. Jan]The Russian company has ceded its 50% stake in the company to Zimbabwe’s Kuvimba Mining House.
By Felix Njini, Bloomberg 6 Jun 2022 13:00
Russia’s Vi Holding has quit its involvement in Zimbabwe’s Great Dyke Investments platinum company.
The Russian company has ceded its 50% stake in the company to Zimbabwe’s Kuvimba Mining House Ltd., according to an email from Great Dyke, which didn’t give a reason for the change in shareholding. Igor Higer, who had served as Great Dyke chairman and is a represenative of Vi, said his company has exited the arrangement.
Great Dyke owns the Darwendale platinum deposit and has said it planned to build a $3 billion mine to extract the metal.
Source: https://www.moneyweb.co.za/mineweb/russian-investors-have-quit-zimbabwe-platinum-project/
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