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ZIMBABWE investment of as much as $5.3 billion and stable mining policies if the country is to boost platinum output to rival Russia as the world’s second-biggest producer of the metal, an industry organisation said.

To increase production to the more than 500,000 ounces per annum needed to justify the construction of base and precious metal smelters and refineries, investment of $2.8 billion is needed in mines.

In addition, as much as $2 billion in processing plants and between $200 and $500 million to ensure adequate power supply, the Chamber of Mines said in a report.

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