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Zimbabwe misses former commercial farmers compensation deadline
GOVERNMENT has once again failed to meet its July deadline to pay the remaining half of the US$3.5 billion in compensation to former white farmers, whose land was seized and redistributed to blacks un...Published: 25 Jul 2022 at 07:58hrs | 717 | by Staff reporter
Mthuli Ncube says white farmers deal is 'confidential'
OPPOSITION Citizens Coalition for Change (CCC) legislator Allan Norman Markham has insisted that the US$3.5 billion compensation agreement between government and white former commercial farmers should...Published: 04 Jul 2022 at 07:06hrs | 5690 | by Staff reporter
Zimbabwe's US$3bn platinum deal all but collapses in a shambles
IT was noisily touted as a game changer for Zimbabwe's mining sector, and the economy; a centrepiece of government's ambitious yet unrealistic US$12 billion target for the industry by next year and ca...Published: 31 May 2022 at 07:38hrs | 3154 | by Staff reporter
Our country is being mortgaged
THE biggest story last week was that the world's largest private metal trader and second-largest oil dealer, Trafigura Group shall be paid US$225,6 million by nickel and gold-mining subsidiaries of St...Published: 02 May 2022 at 08:01hrs | 206 | by Staff reporter
Trafigura seeks control of Zimbabwe metals over debts
TRAFIGURA Group and Zimbabwe's government have discussed a deal that would give the commodities trader control over output from some of the nation's biggest mines as repayment for debts, documents see...Published: 30 Apr 2022 at 16:15hrs | 159 | by Staff reporter
Naysayers will be buried in own ignorance
For Bishop Lazi and his ilk, today - Palm Sunday - marks the beginning of Holy Week.It is a sacred period that commemorates Jesus Christ's ‘triumphal entry' into Jerusalem for the Passover w...Published: 10 Apr 2022 at 08:08hrs | 84 | by Bishop Lazi
Ziscosteel to start operations
Defunct steel giant, Ziscosteel, is expected to be up and running in the next 12 months, Industry and Commerce Minister Dr Sekai Nzenza has said.Dr Nzenza said the Government was proactive in ...Published: 07 Apr 2022 at 06:33hrs | 276 | by Staff reporter
US$300m for Zisco revamp
THE Zimbabwe Iron and Steel Company (Zisco) will receive a provisional US$300 million for immediate initial resuscitation from the new investor, Kuvimba Mining House, with additional capital of up to ...Published: 06 Apr 2022 at 06:27hrs | 186 | by Staff reporter
Broke govt misses farmer compensation date
ZIMBABWE'S cash-strapped government has deferred the payment of US$1.75 billion in compensation to white former commercial farmers who lost land during the country's controversial agrarian reform prog...Published: 19 Mar 2022 at 07:20hrs | 436 | by Staff reporter
Mnangagwa son-in-law, adviser botch ZimCoke deal
A COURT application is set to be filed any day from now to legally and officially cancel the US$225 million ZimCoke deal to acquire assets of the now defunct state-owned Zimbabwe Iron and Steel Compan...Published: 12 Mar 2022 at 19:17hrs | 1575 | by Staff reporter
Kuvimba to pour US$1,3bn into Zisco revival
KUVIMBA Mining House (KMH) has reportedly proposed to invest up to US$1,3 billion over three years to breathe a new lease of life into mothballed State-owned Zimbabwe Iron and Steel Company (Ziscostee...Published: 27 Feb 2022 at 07:26hrs | 114 | by Staff reporter
Govt urged to take Zisco revival seriously
BUSINESS executives have urged government to take the resuscitation of the moribund ZiscoSteel seriously following the announcement of a new investor on Tuesday.Government announced in a post-...Published: 25 Feb 2022 at 07:17hrs | 96 | by Staff reporter
Kuvimba musn't disappoint on ZiscoSteel
WHILE we applaud government efforts to revive the moribund ZiscoSteel, we are a bit pessimistic on its choice of Kuvimba Mining House, where the State has majority shareholding, as the leading investo...Published: 25 Feb 2022 at 07:14hrs | 92 | by Staff reporter
Mnangagwa ally's company named in bid to revive Zisco
GOVERNMENT yesterday said it had chosen Kuvimba Mining House, a company in which it has majority shareholding and is linked to President Emmerson Mnangagwa's ally, to revive the moribund ZiscoSteel....Published: 23 Feb 2022 at 05:49hrs | 619 | by Staff reporter
Kuvimba to lead Zisco revival
Kuvimba Mining House, which has both private and State shareholding and has been resuscitating gold mines, has been chosen by Cabinet as the investment partner for the resuscitation of the Redcliff-ba...Published: 23 Feb 2022 at 05:40hrs | 121 | by Staff reporter
Mnangagwa's 'second Republic' as scandal-prone as Mugabe's govt
THERE is no difference between the administration of former president Robert Mugabe and that of his successor Emmerson Mnangagwa when it comes to public procurement as the two republics are marred by ...Published: 22 Feb 2022 at 07:23hrs | 1227 | by Staff reporter
Mnangagwa's oligarchs: The heirs of Cecil Rhodes
As Zimbabwe's economy has spiralled down, with one million economic refugees in South Africa alone and ordinary people facing shortages of food, fuel, medicine and shelter, there is a class of people ...Published: 08 Feb 2022 at 18:29hrs | 2093 | by Phillip van Niekerk and a Zim-based Research Team
Zimbabwe govt to pay US$ to depositors
THE Government has availed through Kuvimba Mining House, US$400 000 to the Deposit Protection Commission (DPC) to start the process of compensating small and vulnerable depositors who saw the value of...Published: 30 Jan 2022 at 08:21hrs | 560 | by Staff reporter
Cops join gold mine looting spree
THE GOVERNMENT is facing fresh headaches over the invasion of Jumbo Mine after police officers deployed to seal it off have started to fraternise with trespassers and have joined the gold looting spre...Published: 17 Oct 2021 at 08:52hrs | 1 | by Staff reporter
Silobela community demands share of Jena Mine
VILLAGERS in Silobela are demanding that the redundant Jena Gold Mine claims be allocated to them as they are living in poverty while their area is endowed with gold deposits.The Jena Mine cla...Published: 12 Oct 2021 at 05:58hrs | 23 | 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 | 8 | 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 | 7 | 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 | 6 | by Staff reporter
Global Compensation Fund mobilised …despite COVID-19 threatening the process
Government has managed to mobilise funds to pay the former white farm owners (FFOs) as agreed under the Global Compensation Agreement (GCA), despite COVID-19 pandemic slowing down the process....Published: 22 Jul 2021 at 16:04hrs | 9 | by Business Reporter
Zimbabwe govt defers ex-farmers' compensation
GOVERNMENT has deferred to July 2022 the first payment towards compensating white former commercial farmers who lost their land during the land reform programme in the early 2000s.Government w...Published: 21 Jul 2021 at 08:09hrs | 2 | by Staff reporter
UK firm to help raise US$3,5bn for Zimbabwe's white ex-farmers
THE Government has engaged a British financial advisory firm to assist in raising the US$3,5 billion needed to pay former farm owners whose land was compulsorily acquired for resettlement as agreed be...Published: 21 Jul 2021 at 07:46hrs | 1 | by Staff reporter
Mthuli Ncube secures US$1m for former farmers
Government has secured US$1 million that will go towards the payment of compensation to white former farm owners as agreed in the Global Compensation Deed signed last year.Government signed th...Published: 20 Jul 2021 at 18:17hrs | | by Staff writer
Tagwirei's vast tentacles grip Zimbabwe government
KUDAKWASHE Tagwirei's influence on government in recent years has been unmatched.The shadowy businessman has emerged one of the biggest beneficiaries of the November 2017 military coup which o...Published: 17 Jul 2021 at 15:26hrs | 87 | by Staff reporter
Mnangagwa-Tagwirei links getting clearer
THE other day I was talking to a respected colleague who said something that got me thinking hard and long.The colleague — who, sure, has access to President Emmerson Mnangagwa now and then ...Published: 11 Jul 2021 at 10:49hrs | 2 | by Tawanda Majoni
Kuvimba mining produces 311kgs gold
Kuvimba Mining House subsidiary, Fredda Rebecca Gold Mine has produced another milestone of 311kilogrammes of gold in June, which is the first for the mining firm.The achievement h...Published: 08 Jul 2021 at 14:12hrs | 18 | by Staff Reporter
Tagwirei's vast business empire unmasked
SET well back from the public road at the end of a long driveway lined with palm trees is an extravagant new mansion being built by Kudakwashe Tagwirei, a Zimbabwean businessman and presidential advis...Published: 03 Jul 2021 at 21:33hrs | 9 | by Staff reporter
The Sentry reveals hidden business networks of Kudakwashe Tagwirei
A REPORT published by The Sentry, Shadows and Shell Games: Uncovering an Offshore Business Empire in Zimbabwe, reveals key details of business practices of controversial local businessman and presiden...Published: 03 Jul 2021 at 21:30hrs | 10 | by Staff reporter
Zim starts paying farmers
ZIMBABWE made its first compensation payment according to an agreement to settle a dispute with white commercial farmers who had their land allocated to indigenous people two decades ago.The S...Published: 25 Jun 2021 at 07:50hrs | 2 | by Staff reporter
Gold mine hits 300kg mark in one month
MINING giant, Freda Rebecca Gold Mine has set a new record after it produced 300 kilogrammes of gold in May this year, a figure which was last recorded 20 years ago.Freda Rebecca Gold Mine is ...Published: 17 Jun 2021 at 06:13hrs | 3 | by Staff reporter
Gold miners optimistic of 100 tonnes per year
Gold production declined over the past two years but miners remain optimistic of Zimbabwe's potential to achieve its target of producing 100 tonnes yearly as challenges experienced by the sector can b...Published: 02 Jun 2021 at 07:05hrs | | 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 | 9 | 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 | 7 | 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 | 3 | 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 | 1 | by Staff reporter
Zimbabwe mineral exports surpass target
Zimbabwe's mineral exports, excluding gold and silver, for the year 2020 surged by 27 percent, earning the country US$2,4 billion, the Minerals and Marketing Authority of Zimbabwe (MMCZ) has said. ...Published: 18 Jan 2021 at 05:50hrs | | by Staff reporter
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 | 220 | 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 | | 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 | 30 | 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 | 1 | 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 | 14 | by Simbarashe Sithole
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