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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. [...]

Published on 30/03/2023 at 05:40 GMT Reading time 2 minutes

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Mining

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Allan Markham
Clemence Chiduwa
Emmerson Mnangagwa
Great Dykes Investments
Impala Platinum
Kuda Tagwirei
Kudakwashe Tagwirei
Kuvimba Mining House
Mabhudhu
Movement for Democratic Change
Munashe Shava
Sotic International
Sovereign Wealth Fund of Zimbabwe
Vi Holding
Zimbabwe Consolidated Diamond Co
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
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
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
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
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
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
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.

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Allan Markham
Clemence Chiduwa
Emmerson Mnangagwa
Great Dykes Investments
Impala Platinum
Kuda Tagwirei
Kudakwashe Tagwirei
Kuvimba Mining House
Mabhudhu
Movement for Democratic Change
Munashe Shava
Sotic International
Sovereign Wealth Fund of Zimbabwe
Vi Holding
Zimbabwe Consolidated Diamond Co
ZiscoSteel

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Zimbabwe
Harare backs another mining project with Kuda Tagwirei links

This article is free

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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
Government winding up ZMDC with bankruptcy the target

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

Zimbabwe
Uncertainty surrounds future of ERG's platinum stake

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

Zimbabwe
US sanctions hamper Obey Chimuka's mining ambitions

Zimbabwe
Exit of Vi Holding and Lafarge tightens Tagwirei's grip

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

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About Africa Intelligence

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Indigo Publications' websites

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Zimbabwe Harare backs another mining project with Kuda Tagwirei links

This article is free

Create an account to read more

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 Government winding up ZMDC with bankruptcy the target

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

Zimbabwe Uncertainty surrounds future of ERG's platinum stake

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

Zimbabwe US sanctions hamper Obey Chimuka's mining ambitions

Zimbabwe Exit of Vi Holding and Lafarge tightens Tagwirei's grip

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

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
Harare backs another mining project with Kuda Tagwirei links

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

Zimbabwe
Government winding up ZMDC with bankruptcy the target

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

Zimbabwe
Uncertainty surrounds future of ERG's platinum stake

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

Zimbabwe
US sanctions hamper Obey Chimuka's mining ambitions

Zimbabwe
Exit of Vi Holding and Lafarge tightens Tagwirei's grip

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