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A welcome boost for Zim s economy?

There are big plans for two mining interests in Zimbabwe; GDI and Kuvimba. David Brown’s association with Zimbabwe’s mining sector dates to his six years as CEO of Impala Platinum (Implats), which ended in 2012. During that time, he met with then president Robert Mugabe to end a dispute between the government and Implats regarding certain mineral rights. Brown is now back in the country as non- executive chairman of Great Dyke Investments (GDI), a company backed by private Russian interests that is hoping to raise $550m for a platinum group metals (PGM) mine, Darwendale. His day job, however, is with another entity, an emergent gold miner, Kuvimba Mining House, a rather grandiloquent-sounding company that has the support of Zimbabwean President Emmerson Mnangagwa.

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Mineral exports surge 27pc to surpass target - Zimbabwe Situation

Mineral exports surge 27pc to surpass target Ishemunyoro Chingwere 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. “Up to December 2020, we managed to surpass target; we had a total sales value of US$2,4 billion against a budget of US$1,86 billion,” MMCZ general manager said in an interview. “We have done relatively well. We are 29 percent above budget for this year and compared to 2019 we are 27 percent better off.” This sets Zimbabwe on course of achieving a US$12 billion mining economy in the next two years, said Mr Muzenda.

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Kuvimba primed to anchor key mining projects

David Brown IN 2019, the Government launched a roadmap to grow the mining sector to US$12 billion by 2023 through leveraging on the country’s diverse mineral wealth. Some critics described the plan as over-ambitious as it was likely to be stymied by lack of foreign direct investment, inefficient utilities, poor transportation, particularly rail, and lack of skills and competencies. However, the Government, in partnership with foreign investors, has come up with a strategy to take the lead in driving investment in the mining sector following the establishment of Kuvimba Mining House an anchor company likely to be a game-changer. Currently, the Government holds 65 percent in the venture, while foreign investors own the remainder.

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Watch: Fuel tanker up in flames

Watch: Fuel tanker up in flames
thezimbabwemail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thezimbabwemail.com Daily Mail and Mail on Sunday newspapers.

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New mining giant creates 20k jobs

New mining giant creates 20k jobs
sundaymail.co.zw - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sundaymail.co.zw Daily Mail and Mail on Sunday newspapers.

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