Zimbabwe’s platinum mine expected for 2020

Work on Zimbabwe’s new US$4.2 billion platinum mine is expected to start this week, with the groundbreaking ceremony presided over by President Emmerson Mnangagwa at the site expected to take place either on Wednesday or Friday. The first mineral output is expected in 2020. The mine is being developed by Cyprus based investor Karo resources after it signed an agreement with government recently for the project that will see 15,000 jobs being created. This will be the African country’s biggest investment since independence in 1980 which the new administration says shows that Zimbabwe is now open for business.