Zimbabwe and Russia's Rostec will sign a mining lease agreement later on Tuesday to launch a joint platinum development project that was agreed on back in 2014, Zimbabwean President Emmerson Mnangagwa, who is currently on his first official visit to Russia, told Sputnik on Tuesday
MOSCOW (Pakistan Point News / Sputnik - 15th January, 2019) Zimbabwe and Russia's Rostec will sign a mining lease agreement later on Tuesday to launch a joint platinum development project that was agreed on back in 2014, Zimbabwean President Emmerson Mnangagwa, who is currently on his first official visit to Russia, told Sputnik on Tuesday.
Back in September 2014, Russian Industry and Trade Minister Denis Manturov announced that Russian state industrial technology corporation Rostec would cooperate with Zimbabwe on developing the platinum deposits in Darwendale, located near the country's capital of Harare. However, the project has been stalled.
"Currently we already have a Russian company in platinum, [with] which ... we are signing agreements this afternoon. It's in billions in terms of the platinum value. But again, it takes a period. The company is already in Zimbabwe, in Darwendale. [Rostec] is already there, but we have not signed the mining lease agreement, which we are signing now [and] which gives the company national status and gives them a lot of incentives and advantages," Mnangagwa said, stressing that the lease agreement would be signed later in the day.
Mnangagwa and Russian President Vladimir Putin will hold a meeting later in the day to discuss bilateral relations, along with regional and international matters.
