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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. [...]

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

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Mining

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Zimbabwe
Anglo American
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 Corp
ZiscoSteel

Zimbabwe
Harare's takeover of mining conglomerate Kuvimba proves costly

The Zimbabwean government is reported to have paid $1.6bn for a 35% stake in the mining conglomerate active in lithium, gold, platinum and chromium.

Subscribers only Mining 12.07.2024

Zimbabwe
Harare takes over Kuvimba Mining House to erase all links with Kuda Tagwirei

Zimbabwe's Mutapa sovereign wealth fund now owns 100% of the Kuvimba mining group, previously controlled by the president's adviser and businessman, Kuda Tagwirei, who is under US sanctions. The move was intended to encourage investors for other projects that have stalled for lack of financing.

Subscribers only Mining 28.02.2024

Zimbabwe
Mnangagwa transfers opaque statal mining assets to the sovereign fund

The president's 19 September decision to transfer 17 major government assets, including shares in Kuvimba, Defold and Hwange Colliery, to the Mutapa sovereign wealth fund has sparked general outcry in Harare. Moreover, the fund can now make foreign transactions without prior approval.

Subscribers only Finance, Mining 03.10.2023

Zimbabwean president Emmerson Mnangagwa.

DRC
Mines minister Antoinette N'Samba Kalambayi backtracks on mining rights withdrawals

A number of mining companies have been notified that their mining rights have been restored. They were withdrawn by mines minister Antoinette N'Samba Kalambayi in July because of alleged social and environmental misdemeanours.

Subscribers only Mining, Politics 02.10.2023

Congolese Minister of Mines Antoinette N'Samba Kalambayi.

DRC
Felix Tshisekedi's sister-in-law goes head-to-head with Fifi Masuka Saini over Lualaba governor role

Faced with the president's brother's wife Isabelle Kibassa's growing ambitions to take over the reins of the southern mining province, Lualaba's interim governor Fifi Masuka Saini's position looks increasingly under threat.

Subscribers only Mining, Politics 23.08.2023

Zimbabwe
Kuvimba conglomerate must finally invest alone in Great Dyke platinum project

Harare has decided to back out of the mining mega-project to avoid becoming embroiled in a delicate situation with controversial businessman Kuda Tagwirei.

Subscribers only Mining 26.07.2023

Zimbabwe
Harare backs another mining project with Kuda Tagwirei links

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.

Free access Mining 30.03.2023

Zimbabwe
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.

Subscribers only Mining 01.02.2023

Zimbabwe
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.

Subscribers only Mining 11.05.2022

Zimbabwe
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.

Subscribers only Mining 02.05.2022

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

Set up email notifications for these topics

Zimbabwe
Anglo American
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 Corp
ZiscoSteel

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Nigeria
The latest secrets of a $10bn legal scandal between Abuja and London

Cameroon, Central African Republic
Between business and politics, the secrets of Antoine Ndzengue's rise

Zimbabwe
Uncertainty surrounds future of ERG's platinum stake

This article may be accessed by subscribers

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Set up email notifications for these topics

Zimbabwe
Harare's takeover of mining conglomerate Kuvimba proves costly

Zimbabwe
Harare takes over Kuvimba Mining House to erase all links with Kuda Tagwirei

Zimbabwe
Mnangagwa transfers opaque statal mining assets to the sovereign fund

DRC
Mines minister Antoinette N'Samba Kalambayi backtracks on mining rights withdrawals

DRC
Felix Tshisekedi's sister-in-law goes head-to-head with Fifi Masuka Saini over Lualaba governor role

Zimbabwe
Kuvimba conglomerate must finally invest alone in Great Dyke platinum project

Zimbabwe
Harare backs another mining project with Kuda Tagwirei links

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

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

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

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Indigo Publications' websites

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Indigo Publications' websites

Nigeria The latest secrets of a $10bn legal scandal between Abuja and London

Cameroon, Central African Republic Between business and politics, the secrets of Antoine Ndzengue's rise

West African cocoa cartel battles with the traders

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Makhzen Inc. or the ever more prosperous business empire of Mohammed VI's entourage

Zimbabwe Uncertainty surrounds future of ERG's platinum stake

This article may be accessed by subscribers

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create a free account

Set up email notifications for these topics

Zimbabwe Harare's takeover of mining conglomerate Kuvimba proves costly

Zimbabwe Harare takes over Kuvimba Mining House to erase all links with Kuda Tagwirei

Zimbabwe Mnangagwa transfers opaque statal mining assets to the sovereign fund

DRC Mines minister Antoinette N'Samba Kalambayi backtracks on mining rights withdrawals

DRC Felix Tshisekedi's sister-in-law goes head-to-head with Fifi Masuka Saini over Lualaba governor role

Zimbabwe Kuvimba conglomerate must finally invest alone in Great Dyke platinum project

Zimbabwe Harare backs another mining project with Kuda Tagwirei links

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

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

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

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Nigeria
The latest secrets of a $10bn legal scandal between Abuja and London

Cameroon, Central African Republic
Between business and politics, the secrets of Antoine Ndzengue's rise

Zimbabwe
Uncertainty surrounds future of ERG's platinum stake

Zimbabwe
Harare's takeover of mining conglomerate Kuvimba proves costly

Zimbabwe
Harare takes over Kuvimba Mining House to erase all links with Kuda Tagwirei

Zimbabwe
Mnangagwa transfers opaque statal mining assets to the sovereign fund

DRC
Mines minister Antoinette N'Samba Kalambayi backtracks on mining rights withdrawals

DRC
Felix Tshisekedi's sister-in-law goes head-to-head with Fifi Masuka Saini over Lualaba governor role

Zimbabwe
Kuvimba conglomerate must finally invest alone in Great Dyke platinum project

Zimbabwe
Harare backs another mining project with Kuda Tagwirei links

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

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

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