BRAVURA Holdings Limited, with interest in oil and gas production and owned by Benedict Peters, has declared plans to take a chance at platinum mining by investing $1 billion in the development of the metal in Zimbabwe, Bloomberg said on Wednesday, quoting its country manager.
The mine, a product of a 3,000-hectare concession, lies in Selous 80 kilometres south of Harare, Zimbabwe’s capital and close to other sites of platinum exploration.
Much as Peter also possesses Aiteo Eastern E & P Company Limited, Nigeria’s largest local oil producer, its experience in mining is minimal.
“From where we are now, we will go to resource definition, after that we will go to resource modelling, after mine development and then mine construction,” said Lionel Mhlanga, Bravura’s country manager for Zimbabwe.
“Those are all things that should happen in the next 18 months.”
The firms ranks among little-known companies, which have obtained
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