Zimbabwe is adopting a collaborative approach to fast track the development of its US$500 million Mutapa platinum group metals (PGM) mine.

South Africa’s neighbour is sitting on the world’s third-largest PGM deposit and it is reportedly keen to increase the number of PGM producers in the country. According to a Bloomberg report in Moneyweb, existing players in Zimbabwe include Valterra Platinum, Zimplats (an Impala Platinum subsidiary) and Sibanye Stillwater.

The project, expected to get under way in Darwendale by the end of the first quarter, has estimated resources of 44 million ounces of PGMs over a 10-year lifespan.

‘We have also done a collaborative approach for the development of the asset, where we are looking at other producers or other miners who are already in the game to try and see how to collaborate with them to fast-track the development,’ said CEO Munashe Shava.

He said funding was almost ready but did not disclose the names of investors.

‘We are open to anybody who has got the proper colour of money to come into the project,’ Shava said.

10 February 2026
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