Search / Platinum deal
Nigerian billionaire Zimbabwe deals falter amid capital problems
WITH the help of Zimbabwean authorities who supported him amass platinum, gold, lithium, iron ore, tin and some rare earth mineral concessions, it first appeared like he was going far.At some poin...Published: 28 May 2024 at 12:46hrs | 14 | by Staff reporter
Top Zimbabwe army generals fired over housing corruption
THE Zimbabwe Defence Forces (ZDF), which brings together the country's army and air force wings, has fired three senior military commanders at the Zimbabwe National Army (ZNA) over a multi-million-dol...Published: 12 Feb 2024 at 13:49hrs | 17 | by Staff reporter
Nigerian billionaire's US$1 billion Zimbabwean mining deals stall
NIGERIAN oil and gas billionaire Benedict Peters' massive investment plans to shell out over US$1 billion into a local platinum mining project and more into lithium, iron ore, tin, gold and rare earth...Published: 16 Jul 2023 at 13:54hrs | 25 | 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 | 18 | by Staff reporter
Policy flip flops impede platinum deals
INVESTMENT into Zimbabwe's platinum sector has been held back by unpredictable policies, a leading resource campaigner said this week.Claude Kabemba, executive director at Southern African Res...Published: 15 Apr 2022 at 08:59hrs | 1 | by Staff reporter
Zimbabwe edges closer to US$12bn target?
Government and private sector players in the mining industry are resolute in their commitments towards achieving the US$12 billion by 2023.Zimbabwe launched the Strategic Road to the Achieveme...Published: 03 Jan 2022 at 05:53hrs | 15 | by Staff reporter
Zimbabwe the new Cold War front
ON February 5, 2018 United States President Donald Trump wrote to the US Congress that he was extending sanctions on Zimbabwe by another year. This year President Joe Biden did the same.The gi...Published: 31 Oct 2021 at 08:28hrs | 13 | by Nevanji Madanhire
Mystery over Zimbabwe army deal?
MYSTERY over President Emmerson Mnangagwa's adviser and shadowy businessman Kudakwashe Tagwirei's murky purchase of the Zimbabwe Defence Forces (ZDF) partly-owned Pen East Mining's stake in platinum m...Published: 11 Jul 2021 at 20:43hrs | 24 | by Staff reporter
Moral authority is a pre-requisite for Good Governance
I'm writing this article with tears, with a heavy heart Lord help Zimbabwe!!!It is not about money or power, it is about conscience, reputation, moral power & obligation. It is about the p...Published: 20 Aug 2019 at 16:45hrs | | by Big Monday with Tinashe Eric Muzamhindo writes:
Africa money to bankroll US$3 billion Russian deal
A US$3 billion platinum deal between Zimbabwe and Russia is now mired in controversy after it emerged this week that the funding for the project will come from African Export-Import Bank (Afreximbank)...Published: 15 Feb 2019 at 08:26hrs | 1 | by Staff reporter
Zimbabwe's $4,2bn platinum deal in limbo
DODGY investment firm Karo Resources, which was controversially allocated vast platinum claims previously held by Zimplats ostensibly to set up a US$4,2 billion plant - a figure which it later disowne...Published: 03 Nov 2018 at 12:58hrs | 2 | by Staff reporter
Chamisa worried about opposition clampdown
Zimbabwe's main opposition leader on Wednesday said he feared the government would use a blast that hit a weekend rally by President Emmerson Mnangagwa as an excuse to clamp down on opponents ahead of...Published: 28 Jun 2018 at 10:16hrs | 1 | by Reuters
Mnangagwa's crony gets Zimplats claims
PRESIDENT Emmerson Mnangagwa's crony Lucas Pouroulis, whose company, Karo Resources, recently signed a controversial US$4,2 billion platinum deal with government, has grabbed mineral claims stretching...Published: 08 Jun 2018 at 09:58hrs | 1 | by Staff reporter
Mining speculators invade Zimbabwe's Great Dyke
THE politically well-connected Cypriot Pouroulis family - which is close to President Emmerson Mnangagwa - and is associated with speculation in mining has hit the jackpot in Zimbabwe.After cl...Published: 24 May 2018 at 10:35hrs | 1 | by Staff reporter
Scepticism over Mnangagwa's China 'mega deals'
BEFORE the Israelites could enter the promised land of Canaan, they spent over 40 years in the wilderness, where they were assisted with "manna from heaven" when food became scarce.The story h...Published: 08 Apr 2018 at 09:26hrs | | by Staff reporter
Zimbabwe mining deals must be scrutinised
THE US$4,2 billion platinum investment deal between government and Cyprus-based company Karo Resources, although positive at face value, needs to be scrutinised to ensure transparency and avoid corrup...Published: 29 Mar 2018 at 14:01hrs | | by Staff reporter
Another side of Mnangagwa
FOR a man whose sobriquet is "Crocodile", many people would expect a ruthless character. But this is not the case with President Emmerson Mnangagwa.While certainly displaying a toughness in se...Published: 25 Mar 2018 at 08:51hrs | | by Staff reporter
Zimbabwe's $4,2bn game changer, 90 000 jobs, timelines given
WHILE the market is still digesting the meaning and implications of the $4, 2 billion platinum deal that was sealed by Government on Thursday last week, judging by the envisaged scope and scale of the...Published: 25 Mar 2018 at 08:41hrs | | by Staff reporter
$4bn platinum deal major confidence booster
Last Thursday was yet another historic day for Zimbabwe when Government signed a $4,2 billion platinum investment agreement with a Cyprus-based company, Karo Resources.The agreement, the large...Published: 24 Mar 2018 at 07:24hrs | | by Chronicle Editorial Comment
WATCH: Mnangagwa threaten to cut ministers' feet
"Zimbabwe is open for business and whoever stands in the way of making business in this country will fall". The Platinum deal took almost 6 years to put to paper.https://www.youtube.com/watch?...Published: 22 Mar 2018 at 14:37hrs | | by youtube
Mnangagwa signs $4.2bn platinum deal
Karo Resources, a company linked to mining entrepreneur Loucas Pouroulis, will spend $4.2 billion on a Zimbabwean platinum project in the first big investment since President Robert Mugabe's ousting i...Published: 22 Mar 2018 at 10:08hrs | | by Staff reporter
Mugabe General's corruption warning invites scorn
Top Zimbabwe National Army (ZNA) commander Major General Douglas Nyikayaramba's call to the government to deal decisively with corruption, especially by senior officials, has been met with scorn a...Published: 30 Oct 2016 at 11:30hrs | | by Staff reporter
Tsvangirai on another anti-Zimbabwe trip to Germany
MDC-T leader Morgan Tsvangirai's visit to Germany last week and his other previous visits to the West as part of his so-called diplomatic offensive raise questions on the actual purpose of the visits ...Published: 11 May 2015 at 10:16hrs | 1 | by Benny Tsododo
Kiya kiya Chinamasa to reschedule government debt repayments but for how much longer!
The hard-up Zimbabwe government, "which has resorted to domestic borrowings to support its budget, is struggling to repay and is scrambling to reschedule some of the debt as it fal...Published: 27 Feb 2015 at 18:13hrs | 2 | by Wilbert Mukori
Mugabe's army muscles in on rich platinum deal
Zimbabwe National Army has won a bitter struggle with the Ministry of mines and mining development for the control of a lucrative $4,8-billion platinum mine.The project is a joint venture betw...Published: 15 Feb 2015 at 09:48hrs | | by Staff reporter
'Mugabe is going nowhere,' says Kasukuwere - the tyrant's time is up, he is going!
"President Mugabe is not going anywhere," said minister Kasukuwere."He is a veteran nationalist and God given leader. Mukuru mukuru hanga haigare pfunde. Please let President Mugabe do h...Published: 27 Jan 2015 at 22:30hrs | | by Wilbert Mukori
$4 billion Zimbabwe - Russia 'mega deal' in limbo
The much-touted US$4billion platinum deal signed by Zimbabwe and Russia in September last year amid a blaze of publicity, which the authorities said would significantly boost production and create tho...Published: 16 Jan 2015 at 07:21hrs | | by Staff reporter
Ken Mufuka it is Mugabe's no regime change nonsense we should be concerned about
I used to read Ken Mufuka's "Letter from America" in the Chronicle; I stopped because they became tediously monotonous - starting nowhere and going nowhere else. I can see that things have not changed...Published: 11 Oct 2014 at 18:08hrs | 2 | by Wilbert Mukori
Fruits of the Look East policy rile the USA
The United States of America (USA) should be more concerned with the war in Syria and Iraq where the Islamic State of Iraq and Syria (ISIS) fighters, which the USA created and armed, are terrorizi...Published: 09 Oct 2014 at 06:09hrs | 3 | by John Mukumbo
The USA's jealous of Zimbabwe reaching alarming levels
The United States of America (USA) should be more concerned with the war in Syria and Iraq where the Islamic State of Iraq and Syria (ISIS) fighters, which the USA created and armed, are terrorizi...Published: 08 Oct 2014 at 14:36hrs | 2 | by Mukachana Hanyani
US seeks to undo Zimbabwe-Russia platinum deal
The US government has threatened to sabotage Zimbabwe's historic $3 billion platinum deal with Russia as part of its sanctions on Harare and Moscow. Washington recently sanctioned Russia f...Published: 06 Oct 2014 at 08:15hrs | | by Staff reporter
Russia mulls more deals with Zimbabwe
Zimbabwe which this week signed several mining deals with Russian companies is currently negotiating joint venture partnerships in tourism, energy, education, railway sector, agriculture and autom...Published: 19 Sep 2014 at 08:57hrs | 2 | by Staff reporter
Arms deal behind Zimbabwe, Russia platinum project
The involvement of Russian defence conglomerate Rostec State Corporation and its supervisory board chair Denis Manturov, also Kremlin minister of Trade and Industry in the Darwendale platinum proj...Published: 19 Sep 2014 at 08:56hrs | 2 | by Staff reporter
Mugabe seals and signs $3 billion platinum deal with Russia
Russia and Zimbabwe signed Tuesday a $3bn deal to jointly mine platinum in the southern African country, the world's third largest producer, with Moscow providing the investment funds.The ...Published: 16 Sep 2014 at 20:59hrs | 1 | by AFP
The Hedge Fund and Robert Mugabe
This article was taken from businessweek.com...Published: 23 Aug 2014 at 18:05hrs | 5 | by Cam Simpson and Jesse Westbrook
Russians in $1.6 billion Zimbabwe platinum mining deal
A Russian consortium is set to invest $1.6 billion in a platinum mining project at Rushchrome Darwendale, following a deal with the Zim government last week.Finance Minister Patrick Chinamasa ...Published: 05 Aug 2014 at 21:13hrs | | by Nomalanga Moyo
Zifa raises $35 000 from Asiagate fines
THE Zimbabwe Football Association (Zifa) has raised close to US$35 000 to date from fines and appeal fees paid by players, administrators and other individuals involved in the Asiagate match-fixing sc...Published: 08 Jan 2013 at 11:00hrs | | by Sports reporter
Load More Stories
