Mining sector to receive 500million Euros worth of mining projects from JV
Zimbabwe Mining Sector will receive 500 million Euros worth of mining projects as S J Global Investments Hong Kong signs a joint venture agreement with Unlimited Explorations Private limited.
As a major milestone in the history of the mining industry in Zimbabwe, S J Global Investments Hong Kong signed a joint venture agreement with the local company Unlimited Explorations Pvt Ltd. This joint venture agreement comes as an initiative to jointly execute projects worth 500 million Euros.
S J Global Investments is a leading private investment company with significant assets under management and a diverse client base. With head offices in London and Dubai, it works with companies across the globe providing project financing where possible and restructuring and professional services.
Unlimited Explorations Pvt Ltd is part of the diversified group Unlimited Africa Holdings, that also has interests in energy, agriculture and manufacturing, which as a result will develop mining assets from green fields and brownfields into fully-fledged mines.
This strategic partnership will also benefit the Zimbabwe economy as it will focus on exploring and extracting gold along with other minerals like chrome, lithium, platinum and tantalite to name a few.
Neil Walsh, Group Managing Director, S J Global Investments said, “With this strategic venture, Unlimited Explorations Pvt Ltd will help unlock the vast natural resources of the country, contributing to its major economic growth. Africa Holdings is the bridge between the government and global investment partners”.
Walsh added, “With our head office in Dubai, wherein we focus on commodity trading, trade finance, project finance and company formation, we are proud of our Hong Kong office’s collaboration with the Zimbabwe mining sector as it will help us to expand our investment portfolio and we are committed to all our endeavours and the success of our business is aligned to the success of our clients. Our goal is to leave an unparalleled legacy on the world which will bring prosperity to future generations. “
Source: gulfnews