Government will utilise the 26 000 hectares of land released by Zimplats to facilitate the Karo Resources mega billion deal with revelations that a firm linked to the Cypriot billionaire has forwarded $4.5 million to the government to secure their stake to take part in the tier one resource located on the Great Dyke.
Latest indications on the growing interest towards the country’s platinum industry reveal that Tharisa Mining has paid $4.5 million for a stake to take part in the tier one resource located in the Great Dyke.
The Tharisa Group is confident that their investment portfolio their second project in Zimbabwe following the acquisition of a stake of 90 percent in Salene Chrome is an important conduit to expand their mining interests into the country.
Government signed a mega deal with Karo Resources in March with the preliminary groundwork for the project expected to kick off on the first of next month.
The reality of this project is finely cemented on indications that government will utilise the 26 903 hectares land released by Zimplats.
The Karo Resources project is to date the largest investment forwarded to the mining sector which continues to attract foreign direct investments.
Another mega deal for the industry was concluded early this week which will culminate to the establishment of a $3 billion stainless steel plant to be financed by a Chinese firm.