Heavy Equipment for Sale: African Rainbow Minerals (ARM), a diversified South African miner plans to invest in coal and platinum group metals (PGM) projects in Zimbabwe a report says.. "We are looking for PGMs and we are looking for coal. We are in discussion with a number of people in Zimbabwe to see whether there is something we can get on in terms of exploration," Dan Simelane, ARM's chief executive for exploration said in an interview on Wednesday.
He said authorities in Zimbabwe had improved the investment climate since the formation of a government by President Robert Mugabe and his rival Morgan Tsvangirai in February.
The new power-sharing government in Zimbabwe, which has the world's second-biggest platinum reserves after South Africa and large deposits of diamonds, coal and nickel, is keen to attract foreign mining companies to invest into a sector shunned due to fears that businesses could be expropriated.
