Russia-Zimbabwe platinum JV to secure Phase 1 funding by end of year

Russian-Zimbabwean platinum venture Great Dyke Investments (GDI) expects to raise up to $500-million in funding it needs for the first phase of its mining project by the end of this year after the coronavirus delayed talks with lenders, its CEO said on Tuesday. GDI is 50% owned by Russia’s Vi Holding, through its JSC Afromet subsidiary, and 50% owned by Zimbabwe’s Landela Mining VentureĀ and plans to start mining platinum ore in 2021.