Bravura to spend over $50m to explore for platinum in Zimbabwe

Bravura Consortium will spend more than $50 million to explore for and mine platinum in Zimbabwe, the Southern African country’s mines minister said on Friday, after both parties signed the agreement.

Zimbabwe is seeking to quickly exploit its reserves of platinum, which is in growing demand for use in catalytic converters to limit emissions as car manufacturers shift to making electric cars powered by lithium batteries.

(By MacDonald Dzirutwe and Nqobile Dludla; Editing by Susan Fenton)