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Zimbabwe to sign platinum venture with Ruschrome Mining HARARE — A ZimbabweRussia joint venture company, Ruschrome Mining, plans to invest in developing a platinum mine and constructing a smelter and refinery in the African state, the stateowned Herald newspaper reported on .
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ZMDC has equity in Todal Mining Platinum, Shin Zim, Platinum Platinum, Ruschrome Platinum, Global Platinum Resources Platinum, Afri –Sino Mining Resources Uranium, Lynx Mine Graphite, Marange Resources, Sabi Gold, Jena Mine, Elvington Gold, Sandawana Mine, Kamativi Tin Mine, Mhangura Copper Mine, SMM Holdings (Pvt), ati Copper Mine and Lomagundi Smelting.
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The Russians are part of a consortium that snapped up a 40 percent stake in Ruschrome Mining, a RussianAfrican joint venture licensed to mine the Darwendale platinum fields.
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VI Holding last year bought 50 percent of Ruschrome Mining, which holds the license for Darwendale, Kommersant newspaper reported in June. VI Holding is owned by entrepreneur Vitaliy Machitski, chairman of aluminum producer Vimetco NV. (VICO) The press offices of Rostec and VEB declined to comment, as did a representative of VI Holding.
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