Kuvimba pumps US$100m into Great Dyke platinum project

GREAT Dyke Investments (GDI), which is developing a platinum mining project in Darwendale, says it has pumped close to US$100 million into the mega project as it prepares to kick-start operations.

State-owned Kuvimba Mining House (KMH) assumed full control of the mine after Russian firm Afromet, a joint venture partner in the project, withdrew as a result of Western countries’ global sanctions against Russia, which also apply to Russian investments abroad.

Afromet is fully owned by Vi Holding, a Russian investment and industrial group.

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