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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. [...]

Published on 01/02/2023 at 06:00 GMT Reading time 2 minutes

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Mining

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ArcelorMittal
Emerson Mnangagwa
Emmerson Mnangagwa Jr
Essar
Kudakwashe Tagwirei
Kuvimba Mining House
Nqobile Magwizi
Obey Chimuka
R&F
Sandra Mpunga
Simba Chinyemba
SMS Group
Sotic International
ZiscoSteel

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
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
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

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
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.

Subscribers only Mining, Business 23.12.2022

Zimbabwe
Ziscosteel revival divides Mnangagwa government

Kuvimba Mining House and its German technical partner SMS Group have been chosen to revive Ziscosteel, one of President Emmerson Mnangagwa's major industrial projects. Not everyone in government is convinced by this choice.

Subscribers only Mining 02.09.2022

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

Set up email notifications for these topics

ArcelorMittal
Emerson Mnangagwa
Emmerson Mnangagwa Jr
Essar
Kudakwashe Tagwirei
Kuvimba Mining House
Nqobile Magwizi
Obey Chimuka
R&F
Sandra Mpunga
Simba Chinyemba
SMS Group
Sotic International
ZiscoSteel

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

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Set up email notifications for these topics

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

Zimbabwe
Government winding up ZMDC with bankruptcy the target

Zimbabwe
Uncertainty surrounds future of ERG's platinum stake

Zimbabwe
Harare backs another mining project with Kuda Tagwirei links

Zimbabwe
US sanctions hamper Obey Chimuka's mining ambitions

Zimbabwe
Ziscosteel revival divides Mnangagwa government

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

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

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Set up email notifications for these topics

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

Zimbabwe Government winding up ZMDC with bankruptcy the target

Zimbabwe Uncertainty surrounds future of ERG's platinum stake

Zimbabwe Harare backs another mining project with Kuda Tagwirei links

Zimbabwe US sanctions hamper Obey Chimuka's mining ambitions

Zimbabwe Ziscosteel revival divides Mnangagwa government

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

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Libya
From Tripoli to Benghazi, Turkish trader BGN's oil odyssey

Senegal
Guns and oil drive Russia's Dakar courtship

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

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

Zimbabwe
Government winding up ZMDC with bankruptcy the target

Zimbabwe
Uncertainty surrounds future of ERG's platinum stake

Zimbabwe
Harare backs another mining project with Kuda Tagwirei links

Zimbabwe
US sanctions hamper Obey Chimuka's mining ambitions

Zimbabwe
Ziscosteel revival divides Mnangagwa government

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