Platinum Bonds

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ZIMBABWEAN PRESIDENT ROBERT MUGABE has signed a deal with his Chinese counterpart Hu Jintao in Beijing. The details have not been made public but sources say that China has been given mineral rights to platinum and other minerals. A land deal for tobacco may also be included. Mugabe requires Chinese investors to finance ferrochrome production, irrigation projects, power plants, and transport. The reward is a stake in the nation’s platinum reserves.

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