Platinum JV with Zimbabwe on track for April start

Zimbabwe Mining Development Corp, a State-owned company, plans to start metal production with Eurasian Natural Resources Corp and a Chinese company on concessions taken from Anglo American Platinum Ltd and Impala Platinum Holdings Ltd. A venture with ENRC, controlled by businessmen from Kazakhstan and that country's government, should begin producing platinum by the first quarter of next year. An exploration report from an alliance with the Chinese company, identified as Norinco International Cooperation Ltd, is due by year's end. "Everything is on course" for the venture to start production by April, Jerry Ndlovu, managing director of the State-owned Zimbabwean company, said in a Tuesday interview in Harare, Zimbabwe's capital.

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