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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... [...]

Published on 20/12/2023 at 05:40 GMT Reading time 2 minutes

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Mining

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Zimbabwe
Afro-Sino
Amari Resources
Blessed Chitambira
Canadile
Defold Mining
George Guvamatanga
Grandwell Holdings
Kamativi Taillings Co
Kudakwashe Tagwirei
Kuvimba Mining House
Mutapa Invest Fund
ShimZim
Soda Zhemu
Zimbabwe Mining Development Corp

Zimbabwe
Harare dithers over helping ZMDC to settle debt to South Africa's Amari

Zimbabwe's Finance Minister Mthuli Ncube is reluctant to grant a loan to state-owned mining conglomerate ZMDC to allow it to put an end to its long-running dispute with South Africa's Amari Resources, which was expelled from its nickel and platinum licences.

Subscribers only Mining 29.08.2024

Finance Minister Mthuli Ncube in Harare, Zimbabwe, 5 October 2018.

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
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.

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

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

Zimbabwe
Chiadzwa diamonds inches towards conclusion

After over six years of legal wrangling, the $375m legal dispute between state-owned miner ZMDC and its former partner in the Chiadzwa diamond field could soon be settled. Zimbabwe's courts want to see the case closed.

Subscribers only Mining 17.10.2022

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

Set up email notifications for these topics

Zimbabwe
Afro-Sino
Amari Resources
Blessed Chitambira
Canadile
Defold Mining
George Guvamatanga
Grandwell Holdings
Kamativi Taillings Co
Kudakwashe Tagwirei
Kuvimba Mining House
Mutapa Invest Fund
ShimZim
Soda Zhemu
Zimbabwe Mining Development Corp

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Zimbabwe
Government winding up ZMDC with bankruptcy the target

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Set up email notifications for these topics

Zimbabwe
Harare dithers over helping ZMDC to settle debt to South Africa's Amari

Zimbabwe
Harare's takeover of mining conglomerate Kuvimba proves costly

Zimbabwe
Mnangagwa transfers opaque statal mining assets to the sovereign fund

Zimbabwe
Harare backs another mining project with Kuda Tagwirei links

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

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

Zimbabwe
Chiadzwa diamonds inches towards conclusion

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

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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Indigo Publications' websites

About Africa Intelligence

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Indigo Publications' websites

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Zimbabwe Government winding up ZMDC with bankruptcy the target

This article may be accessed by subscribers

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create a free account

Set up email notifications for these topics

Zimbabwe Harare dithers over helping ZMDC to settle debt to South Africa's Amari

Zimbabwe Harare's takeover of mining conglomerate Kuvimba proves costly

Zimbabwe Mnangagwa transfers opaque statal mining assets to the sovereign fund

Zimbabwe Harare backs another mining project with Kuda Tagwirei links

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

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

Zimbabwe Chiadzwa diamonds inches towards conclusion

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

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

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

Senegal
Guns and oil drive Russia's Dakar courtship

Zimbabwe
Government winding up ZMDC with bankruptcy the target

Zimbabwe
Harare dithers over helping ZMDC to settle debt to South Africa's Amari

Zimbabwe
Harare's takeover of mining conglomerate Kuvimba proves costly

Zimbabwe
Mnangagwa transfers opaque statal mining assets to the sovereign fund

Zimbabwe
Harare backs another mining project with Kuda Tagwirei links

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

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

Zimbabwe
Chiadzwa diamonds inches towards conclusion

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

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

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