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Zimbabwe
US sanctions hamper Obey Chimuka's mining ambitions

Washington has placed sanctions on the Fossil Group boss and close associate of local magnate Kuda Tagwirei. The projects of the companies he is involved in, including the platinum project of Great Dyke Investments, will now have a hard time finding investors. [...]

Published on 23/12/2022 at 06:00 GMT Reading time 2 minutes

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Mining, Business

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Bindura Nickel Corp
Emerson Mnangagwa
Emmerson Mnangagwa Jr
Fossil Agro
Fossil Contracting and
Fossil Group
Fossil Mining
Great Dyke Investments
Kivuma Mining Corp
Kuda Tagwirei
Kudakwashe Tagwirei
LafargeHolcim
Nqobile Magwizi
Obey Chimuka
Sandra Mpunga
Vi Holding

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's visit to Russia reactivates Alrosa's diamond mining plans

Executives from the Russian mining group and the Zimbabwean president reached agreement during the recent Russia-Africa summit on a resumption of the group's mining operations in Zimbabwe. Both parties are under pressure from US sanctions.

Subscribers only Mining 08.09.2023

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
Exit of Vi Holding and Lafarge tightens Tagwirei's grip

The two biggest international investors in Zimbabwe are pulling out at the same time and selling their assets to companies with links to the powerful magnate and presidential adviser Kuda Tagwirei.

Subscribers only Mining 10.06.2022

Zimbabwe
Tagwirei's allies continue to dominate behind the scenes at state-owned Bindura Nickel

Officially owned since December 2020 by the public entity Kuvimba Mining House, Bindura Nickel still has several allies of the magnate Kudakwashe Tagwirei on its board, thereby perpetuating the ambiguity as to who is really in charge of the mining assets belonging to this new state-owned company.

Subscribers only Mining 14.01.2022

Zimbabwe
Mnangagwa's tax gift to mining magnate Tagwirei

The magnate Kuda Tagwirei, who is an advisor to President Emmerson Mnangagwa, has been granted a substantial tax exemption on one of his mining companies. He is already suspected of being the éminence grise behind Harare's new parastatal, Kuvimba Mining House.

Subscribers only Mining 04.02.2021

Zimbabwe
Business tycoon Kuda Tagwirei's stamp is all over state's new mining behemoth

Kuvimba Mining House is the name of the new state-controlled entity created to coordinate and revamp the country's largest mines. Embodying Harare's hopes for its mining sector, all the paths heading out of the company's high-potential portfolio seem nonetheless to lead to Kuda Tagwirei, one of Mnangagwa's closest allies but a man under US sanctions.

Subscribers only Mining 05.01.2021

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Bindura Nickel Corp
Emerson Mnangagwa
Emmerson Mnangagwa Jr
Fossil Agro
Fossil Contracting and
Fossil Group
Fossil Mining
Great Dyke Investments
Kivuma Mining Corp
Kuda Tagwirei
Kudakwashe Tagwirei
LafargeHolcim
Nqobile Magwizi
Obey Chimuka
Sandra Mpunga
Vi Holding

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US sanctions hamper Obey Chimuka's mining ambitions

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Africa Intelligence on social media

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About Africa Intelligence

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Indigo Publications' websites

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Zimbabwe US sanctions hamper Obey Chimuka's mining ambitions

This article may be accessed by subscribers

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create a free account

Set up email notifications for these topics

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

Zimbabwe Mnangagwa's visit to Russia reactivates Alrosa's diamond mining plans

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 Exit of Vi Holding and Lafarge tightens Tagwirei's grip

Zimbabwe Tagwirei's allies continue to dominate behind the scenes at state-owned Bindura Nickel

Zimbabwe Mnangagwa's tax gift to mining magnate Tagwirei

Zimbabwe Business tycoon Kuda Tagwirei's stamp is all over state's new mining behemoth

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

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

Mali, Senegal, Togo
The secrets of Demex, the trader selling Russian oil in West Africa

Zimbabwe
US sanctions hamper Obey Chimuka's mining ambitions

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

Zimbabwe
Mnangagwa's visit to Russia reactivates Alrosa's diamond mining plans

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
Exit of Vi Holding and Lafarge tightens Tagwirei's grip

Zimbabwe
Tagwirei's allies continue to dominate behind the scenes at state-owned Bindura Nickel

Zimbabwe
Mnangagwa's tax gift to mining magnate Tagwirei

Zimbabwe
Business tycoon Kuda Tagwirei's stamp is all over state's new mining behemoth