African Rainbow to expand into Southern Africa

Diversified South African miner African Rainbow Minerals plans to invest in coal and platinum group metals projects in Zimbabwe as part of its expansion into Southern Africa, a company official said.

“We are looking for PGMs [in Zimbabwe] and we are looking for coal. We are in discussion with a number of people in Zimbabwe to see whether there is something we can get in terms of exploration,” Dan Simelane, ARM’s chief executive for exploration, told Reuters in an interview on Wednesday.—Reuters

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