ARM, based in South Africa , is owned by South Africa’s billionaire, Patrice Motsepe who has visited Zimbabwe on several occasions. It produces platinum, gold, nickel, iron ore, chrome and coal.
Zimbabwe has an undeveloped but rich platinum sector.
“We are looking specifically at platinum in Zimbabwe to see what we can achieve there,” said company Chief Executive, Andre Wilkins.
ARM, whose operations are mainly in South Africa, has entered into a joint venture to explore for copper in Zambia, while also looking at the Democratic Republic of the Congo (DRC), Namibia and Mozambique in the SADC region.
But speaking at a mining conference in South Africa, recently Wilkins pointed out that Zimbabwe was also an option to the wealthy firm. “If we are able to get the license or the ownership of a size able ore body that makes a good business case we will go there,” he said.
Zimbabwe’s platinum sector is dominated by Impala Platinum Mines which owns the Zimplats operation in Selous in addition to a 50 percent interest in the Zvishavane-based Mimosa Platinum Mine. Rival Anglo American Corporation (AAC) is also developing the Unki Platinum Mine in the Midlands Province Town of Shurugwi.