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ZIMBABWE

Uncertainty surrounds future of ERG's platinum stake

Harare is preparing to withdraw the Todal platinum project from the Kazakh Eurasian Resources Group. The most likely scenario is a takeover of the asset by Kuvimba, a holding company that is already struggling to raise funds because of its alleged links to businessman Kuda Tagwirei, who is under US sanctions. [...] (531 words)

Published on 25/04/2023 at 04:40 GMT Reading time 3 minutes

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Mining

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ZIMBABWE
AngloAmerican
Benedikt Sobotka
Chiadzwa Community Share Ownership Trust
Defold Mines
Emmerson Mnangagwa
Eurasian Resources Group
Great Dyke Investment
Kimberley Process
Kuda Tagwirei
Kudakwashe Tagwirei
Kuvimba Mining House
Sotic International
Todal Mining
World Diamond Council
ZANU-PF
Zimbabwe Anti-Corruption Commission
Zimbabwe Consolidated Diamond Co
Zimbabwe Mining Development Corporation
ZiscoSteel

Harare backs another mining project with Kuda Tagwirei links Free

State miner ZCDC plans to invest $400m in a 30% stake in Great Dykes Investments' platinum mining project. But the government-backed deal is raising eyebrows because of the ties between site owner Kuvimba Mining House and the controversial tycoon Kuda Tagwirei, who is under US sanctions.

ZIMBABWE Mining 01/02/2023

Tainted by its ties to tycoon Tagwirei, Kuvimba steps up mining at Ziscosteel

US sanctions imposed on business baron Kudakwashe Tagwirei have deterred investors from helping Kuvimba Mining House resume activity at Zimbabwe's historic steel mill. To compensate, production at the Ripple Creek iron ore mine is expected to be restarted.

ZIMBABWE Mining 11/05/2022

Fearing seizures, Mnangagwa transfers state mining assets to a new entity

ZMDC, the state-owned company that owns the majority of the government's mining portfolio, needs to find more than $400m to compensate aggrieved former business partners.

ZIMBABWE Mining 02/05/2022

Government looks to speed up reopening of ZiscoSteel ahead of presidential elections

Thanks to funding from Kuvimba Mining House, the state-controlled firm with links with controversial business magnate Kudakwashe Tagwirei, Zimbabwean president Emmerson Mnangagwa hopes to speed up the reopening of former industrial flagship Ziscosteel in time for the 2023 elections.

Zimbabwe Iron and Steel Company (ZISCO) facilities in Redcliff, Kwekwe, Zimbabwe.

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ZIMBABWE
AngloAmerican
Benedikt Sobotka
Chiadzwa Community Share Ownership Trust
Defold Mines
Emmerson Mnangagwa
Eurasian Resources Group
Great Dyke Investment
Kimberley Process
Kuda Tagwirei
Kudakwashe Tagwirei
Kuvimba Mining House
Sotic International
Todal Mining
World Diamond Council
ZANU-PF
Zimbabwe Anti-Corruption Commission
Zimbabwe Consolidated Diamond Co
Zimbabwe Mining Development Corporation
ZiscoSteel

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Uncertainty surrounds future of ERG's platinum stake

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Harare backs another mining project with Kuda Tagwirei links Free

Tainted by its ties to tycoon Tagwirei, Kuvimba steps up mining at Ziscosteel

Fearing seizures, Mnangagwa transfers state mining assets to a new entity

Government looks to speed up reopening of ZiscoSteel ahead of presidential elections

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Uncertainty surrounds future of ERG's platinum stake

This article may be accessed by subscribers and e-wallet holders (USD 12.50)

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Harare backs another mining project with Kuda Tagwirei links Free

Tainted by its ties to tycoon Tagwirei, Kuvimba steps up mining at Ziscosteel

Fearing seizures, Mnangagwa transfers state mining assets to a new entity

Government looks to speed up reopening of ZiscoSteel ahead of presidential elections

Set up email notifications for these topics

First visit

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Indigo Publications also publishes: