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U.S Warns Zimbabwe Over U.S $3 Billion Platinum Deal With Russia

Posted by eeos @ 1:33 on October 11, 2014  

THE United States has reportedly warned Zimbabwe about its growing economic dealings with Russia after Harare recently sealed an agreement with Moscow for a US$3billion platinum mine.

According to Herald columnist Nathaniel Manheru, who is thought to be President Robert Mugabe’s spokesman George Charamba, the Obama administration threatened further sanctions against Zimbabwe over its ties with Russia.

Manheru’s claims could not be verified with the US embassy in Harare late Friday night.

The US has imposed sanctions against Moscow, tightening restrictions on major Russian state banks and corporations, after accusing the Kremlin of providing military backing to Ukrainian separatists and generally destabilising the region.

Zimbabwe’s Pen East Investments has teamed up with Afronet, a consortium of three Russian partners, to form Great Dyke Investments, which is developing the US$3 billion Darwendale platinum project.

At full development in 2024, the mine will produce 800,000 platinum ounces, pushing Zimbabwe’s output over one million ounces, and create 8,000 jobs.

Russian foreign minister Sergey Lavrov visited Zimbabwe last month to conclude the deal with President Robert Mugabe.

However, according to Manheru, the deal could see Washington hit Harare with further sanctions.

Wrote Manheru in the Saturday Herald: “A week or two ago, the US government, through its local embassy, sent an official communication to the Zimbabwean Government, listing the full measure of sanctions the West, led by America, have slapped on Russia.

“The communication went further. Read more

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.