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Kuvimba mining house shareholders

The magnate Kuda Tagwirei, who is an advisor to President Emmerson Mnangagwa, has been granted a substantial tax exemption on one of his mining companies. He is already suspected of being the éminence grise behind Harare's new parastatal, Kuvimba Mining House. 04/02/2021 Reading time 2 minutes. On 27 January, the day of the burial of two.

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One of the projects that have made headway is the Kuvimba Mining House, which has just declared a $5,2 billion dividend, triggering implementation of a number of empowering projects that had been put in abeyance by some of its shareholders. Freda Rebecca, one of its gold mines, recently broke a 20-year record, producing 300kg gold in one month.

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Mthuli Ncube is now telling us that the government of Zimbabwe owns 65% of Kuvimba. We are not sure if there was ever a Cabinet resolution regarding the establishment of Kuvimba, nor do we know who the real shareholders are since the ownership records can’t be traced. But we know that Mnangagwa officiated at the opening of the mining giant.

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Some of the country’s biggest gold producers include Kuvimba Mining House, Caledonia Mining and locally listed RioZim RTNR. The country witnessed gold production of 9.95 tonnes in the January to June period. Gold production is expected to touch 32 tonnes by the end of December, following a drop of almost a third in 2020.

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MINE EXPANSION 65 TOP 20 SHAREHOLDERS 150 NOTICE TO SHAREHOLDERS 151 FORM OF PROXY 152-153 CORPORATE INFORMATION 154 GRI CONTENT INDEX 155-159 NOTES 160 WATER 68 ... Kuvimba Mining House (Private) Limited and 28.13% collectively owned by other public and private institutions as well as individuals.

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