Article: Zimbabwe : ARM to invest ZAR 8 billion in Zimbabwe.

Byline: pinto03

South African African Rainbow Minerals has earmarked ZAR 8 billion to take up mining investment opportunities in Zimbabwe.

ARM told South African media that the company has interests in platinum, manganese, iron ore, chrome, nickel and coal. The mining giant also indicated in May this year that it was considering significant investment opportunities in Zimbabwe s vast platinum resources.

Zimbabwe holds the second largest platinum deposits that have largely remained untapped.

The announcement by the mining group comes after it announced its plans to open a new mine at Konkola North in Zambia by 2011.

The company ...

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