A 4th platinum mining firm will come on board to exploit the Bokai Concession in Chachacha, Midlands Province, which has an estimated reserve of 15 million ounces.
The concession, which falls along the great dyke, was unprocedurally traded on the London Stock Exchange (LSE), but the government disputed the sale until reaching an agreement with the new owners from Kazakhstan which will partner the Zimbabwe Mining Development Corporation (ZMDC).
The Minister of Mines and Mining Development, Cde Walter Chidhakwa said the company has complied with the indigenisation laws of the country which will see work starting soon in the area.
The new firm will join ZIMPLATS in Selous, Unkie Mine in Shurugwi and MIMOSA Mine in Zvishavane.
The firm has already invested US$60 million towards exploration and the project is expected to employ more than 500 people.