STRATEGIC PLATINUM:

10th May 2019 By: Martin Creamer - Creamer Media Editor

STRATEGIC PLATINUM:

Zimbabwe President Emmerson Mnangagwa examines platinum exploration core samples at a function where Cyprus-based Karo Resources, chaired by Loucas Pouroulis, updated its $4.2-billion platinum mining project in Mhondoro Ngezi. As part of a strategy to transform Zimbabwe into a middle-income economy by 2030, Zimbabwe is withdrawing indigenisation policies that restrict foreign companies to 49% operational ownership and taking steps to render its mining taxes more competitive. Targeted are mining export revenues of $12-billion by 2023, well up on this year’s $4.2-billion.