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Benedict Peters’ Bravura Holdings Seals Zimbabwe Mining Deal

Opinion

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BENEDICT PETERS (LEFT) AT THE SIGNING AGREEMENT WITH ZIMBABWEAN OFFICIALS WHILE PRESIDENT EMMERSON MNANGAGWA LOOKS ON

Bravura Holdings, the mineral resources arm of the Aiteo Group, owned by the Nigerian billionaire Benedict Peters, has signed a platinum development deal with the government of Zimbabwe. The agreement grants Bravura the rights to develop the Serui Concession, located south of the Hartley Complex on the Great Dyke.

President Emmerson Mnangagwa oversaw the signing of the agreement. The deal has prompted questions over Zimbabwe’s decision to grant a concession in its rich platinum belt to a company that has no experience in the platinum mining sector.

While Bravura’s parent company Aiteo, is a major player in the oil business across Africa, the group only branched into mining two years ago after obtaining a mining licence in the Democratic Republic of Congo.

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