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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. [...]

Published on 11/05/2022 at 06:00 GMT Reading time 3 minutes

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Mining

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Afreximbank
African Development Bank
Akinwumi Adesina
Amari Resources
Defold Mines
Emmerson Mnangagwa
George Guvamatanga
Grandwell Holdings
International Monetary Fund
Mbada Diamonds
Mthuli Ncube
Trafigura
World Bank
Zimbabwe Consolidated Diamond Co
Zimbabwe Mining Development Corp

Zimbabwe
Harare hires consultant to improve donor relations

Eager to normalise his country's relationship with financial institutions, Finance Minister Mthuli Ncube hired a communications consultant to promote the government's efforts to reduce public debt, currently almost 100% of Zimbabwe's GDP.

Subscribers only Politics 02.10.2024

Zimbabwe
Government winding up ZMDC with bankruptcy the target

The government wants to transfer the last valuable assets of the state-owned mining company to the Mutapa sovereign wealth fund. The plan then is to declare the company bankrupt...

Subscribers only Mining 20.12.2023

Zimbabwe
US ruling in von Pezold case saddles Harare with more debt

The US Court of Appeals for the District of Columbia has upheld the ruling ordering Zimbabwe to pay $440.3m in damages for the wrongful seizure of farmland in 2000 and 2001.

Subscribers only Finance, Mining 28.09.2023

Zimbabwean finance minister Mthuli Ncube on 3 August 2023 in Hwange, in the west of the country.

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.

Subscribers only Mining 25.04.2023

Inner circles | Zimbabwe
Mnangagwa steps up pressure on ZMDC as general election looms

The Zimbabwean president is banking on the ZMDC, which he has radically overhauled, to get the country's stalled extractive sector moving again. The state-owned company, which manages the state's mining portfolio, is central to his government's economic strategy for winning the 2023 general election.

Subscribers only Mining, Politics 18.11.2022

Zimbabwean president Emmerson Mnangagwa.

Zimbabwe
Sichuan PD Times reaps coveted Kamativi lithium despite court battles

While two other unsuccessful contenders are still battling it out in the courts for the rights to exploit Kamativi's lithium's potential, ZMDC has already formed a partnership with a new Chinese player.

Subscribers only Mining 24.10.2022

Zimbabwe
Amari Resources fires back with swift legal response to Harare over expropriations

Lawyers pleading for South Africa's Amari Resources have wasted no time in responding to Harare's request that the case against it be dismissed. The state still refuses to accept a Zambia supreme court ruling asking it to compensate the mining firm for the cancellation of nickel and platinum licences.

Subscribers only Mining 05.10.2022

Zimbabwe
Harare calls Zambian Kalaluka to testify in Amari Resources arbitration

A major new player entered the US side of the $70m dispute between South Africa's Amari Resources and the state-owned Zimbabwe Mining Development Corp (ZMDC) on 19 August.

Subscribers only Mining 07.09.2022

Zimbabwe
Imbroglio over artisanal gold mining at Mugabe's former farm

A dairy tycoon who owns a farm that until 2019 belonged to the late president Robert Mugabe has taken legal action against a scion of a rich Zimbabwean mining family, whom he has accused of illegally extracting gold from his land.

Subscribers only Mining 24.06.2022

Guinea
Lithium fever grips the south

The mining companies Guinean Lithium Ressources and African Lithium Mining Ressources, registered in Guinea in April, have applied for exploration permits in the south of Guinea

Subscribers only Mining 24.05.2022

Zimbabwe
Discontent against electricity grid operator ZESA mounts among miners

Complaints are piling up against ZESA from major mining groups: its network's instability was for some the main factor limiting production in 2021. Caledonia and RioZim are considering bypassing the state-owned company as a result.

Subscribers only Energy, Mining 17.05.2022

Zimbabwe
IMF urges Harare to raise taxes on mining

The IMF has told Zimbabwe that major tax cuts granted to the country's mining sector must be reversed in order to replenish state coffers.

Subscribers only Mining 13.04.2022

Zimbabwe
CCC legislative victory destabilises ZANU-PF

The CCC, led by Nelson Chamisa, Zimbabwean President Emmerson Mnangagwa's main opponent, has been surprisingly successful in the parliamentary by-elections, dealing a serious blow to ZANU-PF's confidence. A year before the presidential election, this has made the government fear the worst.

Subscribers only Politics 04.04.2022

Nelson Chamisa, leader of the opposition party, Citizens Coalition for Change (CCC).

Kenya, Zimbabwe
Mnangagwa, isolated internationally, plays up friendship with Kenyatta

With a year to go before presidential elections, the Zimbabwean head of state is making moves on the diplomatic stage, where he is sorely lacking in allies. The Kenyan leader Uhuru Kenyatta, who is historically close to Harare, recently received him in Nairobi with great pomp.

Subscribers only Politics, Diplomacy 25.03.2022

Zimbabwean President Emmerson Mnangagwa with Kenyan President Uhuru Kenyatta.

Zimbabwe
Harare backtracks over $70m arbitration payout despite Bravura's support

South African mining firm Amari Resources has renewed its fight against the Zimbabwean government, from which it hopes to recover more than $70m in compensation following the withdrawal of its licences. But Harare seems determined not to pay.

Subscribers only Mining 11.02.2022

Zimbabwe
Harare multiplies tax breaks on mining sector to fulfil campaign objectives

With the general election in sight, the Zimbawean government has been offering generous tax exemptions to mining entrepreneurs from which fledging company Kygar Resources is the latest to benefit.

Subscribers only Mining 23.11.2021

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Afreximbank
African Development Bank
Akinwumi Adesina
Amari Resources
Defold Mines
Emmerson Mnangagwa
George Guvamatanga
Grandwell Holdings
International Monetary Fund
Mbada Diamonds
Mthuli Ncube
Trafigura
World Bank
Zimbabwe Consolidated Diamond Co
Zimbabwe Mining Development Corp

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Senegal
Guns and oil drive Russia's Dakar courtship

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

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

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Set up email notifications for these topics

Zimbabwe
Harare hires consultant to improve donor relations

Zimbabwe
Government winding up ZMDC with bankruptcy the target

Zimbabwe
US ruling in von Pezold case saddles Harare with more debt

Zimbabwe
Uncertainty surrounds future of ERG's platinum stake

Inner circles | Zimbabwe
Mnangagwa steps up pressure on ZMDC as general election looms

Zimbabwe
Sichuan PD Times reaps coveted Kamativi lithium despite court battles

Zimbabwe
Amari Resources fires back with swift legal response to Harare over expropriations

Zimbabwe
Harare calls Zambian Kalaluka to testify in Amari Resources arbitration

Zimbabwe
Imbroglio over artisanal gold mining at Mugabe's former farm

Guinea
Lithium fever grips the south

Zimbabwe
Discontent against electricity grid operator ZESA mounts among miners

Zimbabwe
IMF urges Harare to raise taxes on mining

Zimbabwe
CCC legislative victory destabilises ZANU-PF

Kenya, Zimbabwe
Mnangagwa, isolated internationally, plays up friendship with Kenyatta

Zimbabwe
Harare backtracks over $70m arbitration payout despite Bravura's support

Zimbabwe
Harare multiplies tax breaks on mining sector to fulfil campaign objectives

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Africa Intelligence on social media

Indigo Publications' websites

About Africa Intelligence

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Indigo Publications' websites

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

This article may be accessed by subscribers

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create a free account

Set up email notifications for these topics

Zimbabwe Harare hires consultant to improve donor relations

Zimbabwe Government winding up ZMDC with bankruptcy the target

Zimbabwe US ruling in von Pezold case saddles Harare with more debt

Zimbabwe Uncertainty surrounds future of ERG's platinum stake

Inner circles | Zimbabwe Mnangagwa steps up pressure on ZMDC as general election looms

Zimbabwe Sichuan PD Times reaps coveted Kamativi lithium despite court battles

Zimbabwe Amari Resources fires back with swift legal response to Harare over expropriations

Zimbabwe Harare calls Zambian Kalaluka to testify in Amari Resources arbitration

Zimbabwe Imbroglio over artisanal gold mining at Mugabe's former farm

Guinea Lithium fever grips the south

Zimbabwe Discontent against electricity grid operator ZESA mounts among miners

Zimbabwe IMF urges Harare to raise taxes on mining

Zimbabwe CCC legislative victory destabilises ZANU-PF

Kenya, Zimbabwe Mnangagwa, isolated internationally, plays up friendship with Kenyatta

Zimbabwe Harare backtracks over $70m arbitration payout despite Bravura's support

Zimbabwe Harare multiplies tax breaks on mining sector to fulfil campaign objectives

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Senegal
Guns and oil drive Russia's Dakar courtship

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

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

Zimbabwe
Harare hires consultant to improve donor relations

Zimbabwe
Government winding up ZMDC with bankruptcy the target

Zimbabwe
US ruling in von Pezold case saddles Harare with more debt

Zimbabwe
Uncertainty surrounds future of ERG's platinum stake

Inner circles | Zimbabwe
Mnangagwa steps up pressure on ZMDC as general election looms

Zimbabwe
Sichuan PD Times reaps coveted Kamativi lithium despite court battles

Zimbabwe
Amari Resources fires back with swift legal response to Harare over expropriations

Zimbabwe
Harare calls Zambian Kalaluka to testify in Amari Resources arbitration

Zimbabwe
Imbroglio over artisanal gold mining at Mugabe's former farm

Guinea
Lithium fever grips the south

Zimbabwe
Discontent against electricity grid operator ZESA mounts among miners

Zimbabwe
IMF urges Harare to raise taxes on mining

Zimbabwe
CCC legislative victory destabilises ZANU-PF

Kenya, Zimbabwe
Mnangagwa, isolated internationally, plays up friendship with Kenyatta

Zimbabwe
Harare backtracks over $70m arbitration payout despite Bravura's support

Zimbabwe
Harare multiplies tax breaks on mining sector to fulfil campaign objectives