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Harare backs Moscow
WINDS of a renewed Cold War between the United States and Russia - thunderously manifesting itself in Ukraine through iron and blood - swept across the southern African region this week as Russian For...Published: 02 Feb 2023 at 19:07hrs | 1 | by Staff reporter
Tagwirei linked companies cited in US$49m privatisation deal
AS Treasury maintains a tight lid over the identity of gold producers who snapped 60% shareholding in Fidelity Printers and Refiners (FPR), emerging details show that Kuvimba Mining House, Better Bran...Published: 20 Aug 2021 at 07:22hrs | | by Staff reporter
Kuda Tagwirei shifted assets to Zimbabwe after US sanctions
ZIMBABWE'S government is pressing ahead with a plan to combine its mining assets under a massive private-public enterprise, even as evidence mounts that the project could be linked to a tycoon sanctio...Published: 15 Aug 2021 at 21:05hrs | | by Bloomberg
Chamisa's MDC claims Fidelity 'parcelled out' to Tagwirei
The MDC Alliance is mulling a legal challenge to the disposal of the government's majority stake in Fidelity Printers and Refiners (FPR), which the party says has been "parcelled out" to controversial...Published: 03 Aug 2021 at 18:45hrs | 4 | by Staff reporter
Mystery of Kuda Tagwirei's assets in Zimbabwe revival plan
In December, the government of Zimbabwe announced a multibillion-dollar project called Kuvimba Mining House Ltd. that would hold some of the nation's most valuable gold, platinum, chrome and nickel mi...Published: 11 May 2021 at 09:02hrs | 13 | by Staff reporter
Metallon Gold to reopen 2 gold mines
METALLON Gold has invested US$33 million in the reopening of Redwing Mine and deepening of How Mine in a fresh bid to resuscitate its business empire.The decision by the Mzee Khumalo-run entit...Published: 15 Mar 2021 at 05:07hrs | | by Staff reporter
David Brown to resurrect Zimbabwe gold mines
DAVID Brown's association with Zimbabwe's mining sector dates back to his six years as CEO of Impala Platinum (Implats) which ended in 2012.During that time, he met with the late former Presid...Published: 15 Feb 2021 at 07:57hrs | 1 | by Staff reporter
Mnangagwa, Chiwenga-linked cartels take over public firms, mines, fuel sector - report
HIGHLY secretive cartels linked to President Emmerson Mnangagwa and Vice President Constantino Chiwenga are reported to have taken over the operations of key state-owned companies, including private f...Published: 10 Feb 2021 at 07:33hrs | 10 | by Staff reporter
Tycoon Tagwirei's hold on Zim gold
BUSINESS kingpin Kudakwashe Tagwirei has long had a commanding position in Zimbabwe's US$100m-a-month fuel import market, and owns major stakes in banking, telecoms and the country's largest platinum ...Published: 10 Feb 2021 at 06:25hrs | | by Staff reporter
Landela buying spree raises stink
PRESIDENT Emmerson Mnangagwa marked his triumphal entry into the citadel of power in 2017 by declaring that he would open the country up for business, thus promising a departure from the ruinous polic...Published: 15 Jan 2021 at 07:37hrs | 3 | by Cliff Chiduku
Kuvimba: How to hide a mining giant in plain sight
A year ago, Kuvimba Mining House did not exist. now it could be the country's biggest gold producer.How? The answer shows how transparency is still not a thing for Zimbabwean authorities....Published: 10 Jan 2021 at 08:10hrs | 69 | by Staff reporter
Zimbabwe to fund white farmers' compensation with mine revenue
Zimbabwe plans to use profits from a mining venture to help settle a $3.5 billion compensation claim from white farmers and settle a two-decade dispute that's soured the country's relations with Weste...Published: 07 Jan 2021 at 18:44hrs | 1 | by Staff reporter
Australian owned gold mines acquired by Kuvimba mining
Finance and Economic Development Minister Professor Mthuli Ncube said the government has given Kuvimba Mining House the nod to acquire Globe and Phoenix Gold Mine and other associated mines owned by a...Published: 07 Jan 2021 at 13:51hrs | 13 | by Simbarashe Mwandipendaa
Kuvimba Mining to raise US$1 billion, eyes VFEX listing
Kuvimba Mining House, the newly created mining company, will seek to raise US$1 billion to recapitalise its assets, which it hopes will generate an ambitious US$1.5 billion per annum by 2023. ...Published: 05 Jan 2021 at 18:27hrs | | by Staff reporter
Kuvimba Mining House targets 500 000 ounces of gold
KUVIMBA Mining House is targetting 500 000 ounces of gold from all its subsidiaries which will turn the fortunes of the gold sector in Zimbabwe.The Group Chief Executive Officer, David Brown o...Published: 19 Dec 2020 at 08:01hrs | 1 | by Simbarashe Sithole
Impala approached over stake in giant Zimbabwe platinum project
The owners of a Russian-backed project to build Zimbabwe's biggest platinum mine have held talks to sell a stake of at least 20% to Impala Platinum Holdings, according to people familiar with the matt...Published: 07 Oct 2020 at 19:27hrs | 9 | by Staff reporter
Beitbridge police roadblock must be removed permanently
Beitbridge residents, travellers and stakeholders in the hospitality and tourism industries want police to permanently remove a roadblock they mounted a few metres from the border post, saying it defe...Published: 23 Apr 2014 at 14:06hrs | 2 | by Rex Mphisa
Zimbabwe, Implats headed for a major showdown
The Zimbabwe government and Implats could be headed for a major showdown following indications that Implats will play hard ball over the transfer of a controlling stake in Zimplats to locals. ...Published: 02 Apr 2012 at 07:44hrs | | by Nare Msupatsila
Zimplats faces total nationalisation
Zimplats may face total nationalisation if it does not meet Zimbabwe government's two week deadline for agreement on the value of a stake in the company, the Herald said in an editorial yesterday....Published: 22 Mar 2012 at 04:15hrs | | by Staff reporter
Zimbabwe has to pay up before it gets the Zimplats stake
South Africa's Impala Platinum said on Wednesday that the Zimbabwean government would have to find the money to buy the 31 percent stake it wanted in its local unit Zimplats or the stake would not be...Published: 14 Mar 2012 at 22:36hrs | | by Reuters
Implats issues further clarifications on Zimplats indigenisation proposal
Impala Platinum Holdings announces further clarification of the agreement reached with the Government of Zimbabwe on 13 March 2012. The Government has agreed in principle that the plan ...Published: 14 Mar 2012 at 15:33hrs | | by Nare Msupatsila
Give it to him, Tendai Biti has seen the light
This week I propose to build my case through information vignettes. But first, let me pay my bills. I am grateful to one of my readers from Masembura who wrote to The Herald from the United Kin...Published: 04 Mar 2012 at 05:27hrs | 2 | by Nathaniel Manheru
Kasukuwere 'sick and tired' of Implats' delaying tactics
Harare - A Zimbabwean minister launched a verbal attack on Impala Platinum CEO David Brown, saying on Wednesday he was "sick and tired" of the mining group's failure to comply with local black ownersh...Published: 29 Feb 2012 at 10:59hrs | | by Reuters
Zimbabwe indigenisation, Impala confident of breakthrough
IMPALA Platinum is confident an amicable resolution will be found with the Government after it was ordered to transfer 29,5 percent of its shares to the National Indigenisation and Economic Empowerme...Published: 29 Feb 2012 at 05:25hrs | | by Business Reporter
Mugabe reads riot act to foreign-owned firms
PRESIDENT Robert Mugabe has read the riot act to foreign-owned firms that are refusing to comply with Zimbabwe's indigenisation and empowerment laws, saying the door for negotiations has been closed....Published: 17 Feb 2012 at 05:21hrs | | by Staff reporter
Zimplats warn of operational uncertainties in Zimbabwe
Zimplats, Zimbabwe's biggest platinum miner, has warned shareholders about operational uncertainties in the country.Analysts also expect investment to be hit by revelations about a Zimplats c...Published: 12 Feb 2012 at 17:08hrs | | by Staff reporter
Mugabe's latest actions topple Impala's CEO
Impala Platinum CEO David Brown has tendered his resignation, week after the Zimbabwean government issued a US$28 million garnishee order against Zimplats to recover outstanding royalties.Th...Published: 18 Jan 2012 at 14:30hrs | | by Ndou Paul
Zimbabwe govt has failed to mine rich platinum deposits given by Zimplats
Sunday Times (October 16) says while the Zimbabwe government has been frantically trying to seize foreign-owned mining companies under the guise of indigenisation and empowerment, it has failed to min...Published: 18 Oct 2011 at 05:11hrs | | by -
Mugabe want Zimplats to build a refinery in Zimbabwe
President Mugabe yesterday officially launched the Chegutu-Mhondoro-Ngezi-Zvimba Community Share Ownership Trust and urged foreign investors to respect government's policy to economically empower ind...Published: 14 Oct 2011 at 07:23hrs | | by Staff reporter
Chinese platinum processing plant in Zimbabwe a concern: Zimplats
Zimbabwe Platinum Mines former CEO G. Sebborn told the American Ambassador that the company was open to expanding its Zimbabwe operations despite ongoing political and economic turmoil. However, the a...Published: 19 Sep 2011 at 15:17hrs | | by Ndou Paul
Zimplats new proposal to be submitted by November
Zimplats said it will submit a new proposal to sell a majority stake in the company by November."A proposal was made and it's all part of negotiations with the government," Muchadeyi Masunda, ...Published: 12 Sep 2011 at 14:10hrs | | by Nare Msupatsila
Implats plans to blackmail the Zimbabwean government
Impala Platinum may invest as much as $10 billion in Zimbabwe to expand production if the government backs down on a demand that its business there be controlled by the black citizens of the country....Published: 28 Aug 2011 at 11:56hrs | | by Staff reporter
Implats CEO David Brown has that tendency as Malema put it
Yesterday we carried a story titled ...Published: 26 Aug 2011 at 11:04hrs | 3 | by Ndou Paul
Zimplats not willing to transfers 51 percent to Zimbos: CEO
Impala Platinum, which owns 87 percent of Zimplats and has a 50 percent interest in Zvishavane-based Mimosa Platinum Mine, is not willing to hand over full control to Zimbabwean and wants to retain ...Published: 25 Aug 2011 at 10:59hrs | | by Ndou Paul
Zimbabwe empowerment policy does not work and is hurting the country: Implats
The chief executive of Impala Platinum, the world's second largest platinum producer, said on Thursday that a drive by the Zimbabwean government to force foreign miners to transfer 51 percent of their...Published: 25 Aug 2011 at 07:40hrs | | by Reuters
No comment on Robert Mugabe criticism: Impala Platinum
Platinum major Impala Platinum has declined to comment on Zimbabwean President Robert Mugabe’s criticism of its Zimplats subsidiary.Implats, the world...Published: 02 Mar 2011 at 12:25hrs | | by Byo24News
Implats Not Changing Zimbabwe Investment Plans:- CEO
The government and Impala Platinum Holdings Ltd are discussing how the miner will address the new law that requires companies to sell a 51% stake in companies to locals....Published: 17 Feb 2011 at 10:38hrs | | by Byo24News
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