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Russian Investors Vi Holding Have Quit Zimbabwe Platinum Project – Bloomberg

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Workers survey at the Great Dyke Investments Ltd. Darwendale platinum mine project, near Harare, Zimbabwe.
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Zimbabwe’s state mining vehicle, Kuvimba Mining House Ltd., is taking over the 50% shareholding in a platinum project owned by Russia’s Vi Holding NV and plans to make further mining acquisitions, according to nation’s Treasury. 
The exit of Vi Holding from Darwendale Platinum, which would cost about $3 billion to develop and become Zimbabwe’s biggest platinum mine, brings to an end 16-years of Russian involvement with the project. The deposit was taken from South Africa’s Impala Platinum Holdings Ltd. in 2006 by the government of former Zimbabwean President Robert Mugabe and Russian investors were invited to participate.

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