Page 2 - Simba Chinyemba News Today

Zimbabwe’s biggest platinum project, which has been struggling to get off the ground for the past two years, has a new challenge – a major stake held by a Russian tycoon is scaring off potential financiers for the $3 billion (R1.8 trillion) mine, peo

A major stake held by a Russian tycoon in the Darwendale deposit is scaring off potential financiers for the $3bn mine, people with knowledge of the matter say

Darwendale has been tied to Russia since 2006.

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TRAFIGURA Group and Zimbabwe’s government have discussed a deal that would give the commodities trader control over output from

(Bloomberg) -- David Brown, chief executive officer of Zimbabwe’s Kuvimba Mining House Ltd., which holds the nation’s key mining assets, said he quit the firm in August. The 58-year-old mining executive said the company named Simba Chinyemba as the new CEO.

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 interest...