‘US$1,5bn mining deal must be fair to Zim’

CHINESE firm, Afrochine Smelting last week made an emphatic and strategic move into Zimbabwe’s chrome mining sector in Mashonaland East, in the latest signal of an intensifying scramble for Zimbabwe’s minerals.

Zimbabwe has recently played host to scores of foreign investors, sealing deals that span from mining and mining equipment supplies — the highlights of which has been the US$3 billion Darwendale platinum deal by Russian investors and a US$4 billion platinum mining deal being pursued by Karo Resources.

Perhaps the Chinese firm left intricate details of how much it plans to inject at the Chivhu operation to the official opening of the projects in a few months’ time.

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