The work is going according to schedule and the project, made public in September 2014, is expected to enter its second phase in the spring of 2016.
The speed and scope of cooperation are said to have major implications for global platinum market.
"Russia domestically controls 30 percent of global platinum and palladium output. And Zimbabwe's mines represent the world's fourth-leading source of these metals – meaning that Russian control in the African nation could create a stranglehold on this market," the media outlet noted.
Russia also reportedly hopes to expand cooperation with Harare to include diamonds, gold and natural gas.