Zimbabwe

Russia 'to swap gunships for Zim platinum'

2012-06-28 10:42
(Shutterstock)

(Shutterstock)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Cape Town - Zimbabwe is reportedly in talks with Russia for the supply of military helicopters in exchange for platinum deposits, according to reports.

Quoting a privately-owned Russian newspaper Kommersant business daily, various media reports said Russia was holding negotiations with Zimbabwe on an inter-governmental agreement on stimulating investment and defence.

"Russian Technologies has already secured preliminary support from Zimbabwe's official representatives during its visit to the country in April," a source within the Russian presidential administration reportedly said, adding the local authorities were interested in the supply of Russia arms, particularly military helicopters.

"The issue being discussed is the transfer to Russian Technologies of the rights to develop the deposit in exchange for the supply of helicopters," the source said.

A source close to Russian Technologies is said to have confirmed the state corporation's interest in Zimbabwe's Darwendale project.

Darwendale has proven platinum reserves of 19 tons and total resources of 755 tons taking into account other metals, such as palladium, gold, nickel, copper and others. Total capital investment in the deposit development from 2011-2055 is estimated at $2.8bn.

Read more on:    russia  |  zimbabwe  |  southern africa

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
X
NEXT ON NEWS24X

SHARE:

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
108 comments
Comments have been closed for this article.

Inside News24

 
/News

Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.