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ENR looks at platinum in Zimbabwe

Bokai Platinum
in Zimbabwe
London, England — MININGREVIEW.COM — 11 October 2010 – Kazakh mining group ENRC is keen to add platinum to its production portfolio, and is hard at work to overcome hurdles for its Zimbabwe project as it pushes forward with its diversification strategy.

Reuters reports that ENRC has been on a takeover spree over the past year, but that little public attention has been paid to its Bokai project in Zimbabwe, which the London-listed group obtained through last year’s takeover of CAMEC.

“The Bokai platinum project is one of the best projects in the industry. It’s shallow, the grades are not bad, and it is right down at the bottom of the cost curve," chief commercial officer Jim Cochrane told Reuters.

ENRC owns 60% of Bokai, but its joint venture partner, the Zimbabwe Mining Development Corporation, is under international sanctions.

“We are determined to develop the project as soon as possible, and will continue working towards being able to take it forward,” Cochrane added.