Zimbabwe signs $4.2bn platinum deal to transform mining sector

Zimbabwe signs $4.2bn platinum deal to transform mining sector: Cyprus-based Karo Resources will invest $4.2-billion to develop a platinum mine producing 1.4-million ounces of platinum group metals annually by 2023, Zimbabwe Mines Minister Winston Chitando said on Thursday. Zimbabwe is again attracting investments into the mining sector after foreign investor confidence dipped during the rule of former president Robert Mugabe, who was forced to resign in November following a defacto army coup.