News / National
More mega deals with Russia coming
30 Apr 2016 at 09:23hrs | Views
RUSSIA'S Minister of Industry and Trade, Denis Manturov has pledged more mega deals with Zimbabwe.
Speaking to reporters at the Zimbabwe International Trade Fair (ZITF) in Bulawayo on Friday, he said Russia was keen to exploit opportunities in mining, energy, agriculture, education and infrastructure development.
Manturov said, "We've had discussions with Zimbabwe that will see a number of business partnerships being established.
"This is a platform which gives us the opportunity to improve the economies of both our countries.
"We've already started investing in the mining sector, where we're exploring platinum deposits in Darwendale. This project started several years ago and it's going on well.
"We'll start mining by the end of this year and by the year 2018, we will be producing over 3 000 tonnes of platinum per year."
He said consultations were ongoing over a $34 million partnership with the Grain Marketing Board (GMB).
"One of our companies will build an industrial complex in Harare and finance the purchase of top-of-the-range equipment that will assist the storage and milling of different products.
"The project is expected to assist the GMB to store enough grain for the nation and ensure food security.
"The equipment includes a storage elevator that has a capacity of 50000 tonnes. The elevator can also store other kinds of cereals. The project also includes a 300-tonne mill for wheat and a 500-tonne mill for maize. We will also provide chemicals to treat all types of grain."
Speaking to reporters at the Zimbabwe International Trade Fair (ZITF) in Bulawayo on Friday, he said Russia was keen to exploit opportunities in mining, energy, agriculture, education and infrastructure development.
Manturov said, "We've had discussions with Zimbabwe that will see a number of business partnerships being established.
"This is a platform which gives us the opportunity to improve the economies of both our countries.
"We've already started investing in the mining sector, where we're exploring platinum deposits in Darwendale. This project started several years ago and it's going on well.
"We'll start mining by the end of this year and by the year 2018, we will be producing over 3 000 tonnes of platinum per year."
He said consultations were ongoing over a $34 million partnership with the Grain Marketing Board (GMB).
"One of our companies will build an industrial complex in Harare and finance the purchase of top-of-the-range equipment that will assist the storage and milling of different products.
"The project is expected to assist the GMB to store enough grain for the nation and ensure food security.
"The equipment includes a storage elevator that has a capacity of 50000 tonnes. The elevator can also store other kinds of cereals. The project also includes a 300-tonne mill for wheat and a 500-tonne mill for maize. We will also provide chemicals to treat all types of grain."
Source - Chronicle
