Zimbabwe Is Eyeing A Platinum-Led Revival. But Miners See Little Chance


By Felix Njini and Antony Sguazzin

Zimbabwe’s government is banking on a platinum-mining boom to help revive its collapsing economy. The world’s biggest platinum companies say it isn’t going to happen.

Since Emmerson Mnangagwa took over as leader of the country following a coup in late 2017, platinum projects valued at more than $8bn have been announced by Cypriot and Russian investors. Still, two decades of political and economic instability and a government with a track record of seizing privately owned assets makes many in the industry sceptical about the new ventures…

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