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Zim faces mining-asset seizure over canceled joint ventures

Zimbabwe, faces having the assets of the state mining company seized after a final appeal of a 2014 arbitration ruling failed. Companies linked to British Islands-based Amari Holdings Ltd. won the right to seize assets worth $65.9 million in compensation for Zimbabwe Mining Development Corp.'s cancellation of nickel and platinum ventures formed in …

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Joint Ventures | Zimbabwe | Global law firm

Joint ventures may be alliances created by necessity or they may be the coming together of complementary skill sets. Further, whilst this has always been a feature in particular industry sectors and jurisdictions, the significance of foreign ownership restrictions may increasingly drive the joint venture as the vehicle of necessity.

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Zimbabwe: A Wealth of Opportunity Awaits …

Zimbabwe's mining sector has seen remarkable success through joint ventures with international companies, particularly from China. These partnerships have led to high-impact projects that exemplify the country's …

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China Tightens Grip on Zimbabwe's Lithium Resources

A new report from AidData, a research lab at the College of William & Mary in the United States, reveals how Chinese state-backed financial institutions have leveraged loans, joint ventures (JVs), and special purpose vehicles (SPVs) to dominate critical mineral supply chains worldwide, including Zimbabwe's booming lithium sector.

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Joint ventures in context: Expert interviews

Mining projects are capital intensive and are often operationally complex. For these reasons, the sharing of risk and the ability to access finance or combine operational know-how often brings …

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MRG to form JV with Wickbury for REE project in …

MRG Metals, an Australia-based mineral exploration company, has signed a binding memorandum of understanding (MoU) with Wickbury Investments to form a joint venture (JV) for a rare earth elements (REEs) …

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Cabinet Approves MPC and Prospect Brooke Resources

According to Muswere, the joint venture seeks to explore for lithium and other minerals found within pegmatite rock as the country strives to become a leader in Africa's green revolution. Muswere stated that MPC, which will not bear any financial obligations towards the exploration of the resources, will hold a 30% stake in the project, while ...

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Govt approves gold, coal bed-methane pdn joint ventures

The Zimbabwean government on Tuesday approved two new mining agreements with two companies targeting gold and coal bed-methane production.

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Mutapa Investment Fund Seeks Investors to Boost Mining …

The Mutapa Investment Fund, Zimbabwe's sovereign wealth fund, has revealed that its current strategy for the mining cluster is to form joint ventures and partnerships to revitalize its mining portfolio, rather than acquiring new mines, Mining Zimbabwe has learned.. By Ryan Chigoche. This development comes amid speculation that the sovereign wealth fund may …

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mining joint venturs in zimbabwe

Initially, the platinum project was being developed under a 50/50 joint venture partnership between Zimbabwe's Landela Mining Venture (Pvt) Ltd and Russia's Vi Holdings. ... (GDI platinum operation) because the other joint venture partners (Vi Holdings) and obviously with what was happening (Russia/Ukraine conflict) had to pull …

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ZIMBABWE PRACTICAL INVESTMENT GUIDE MINING

After a foreign investor has identified a local company or indigenous Zimbabweans to partner with in a mining venture, the parties should incorporate a joint venture company which will run the …

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Govt pushes for PGM beneficiation

The Darwendale platinum project is a US$2 billion joint venture between Russia's Vi Holdings and Zimbabwe's Landela Mining Venture (Pvt) Ltd. Its implementation was accelerated after President Mnangagwa visited Russia last year in search of investments to kick-start the country's economic revival.

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Zimbabwe's handling of diamond industry the ultimate

Most of the diamond fields are in Marange in eastern Zimbabwe, where production is dominated by the state-owned Zimbabwe Consolidated Diamond Company (ZCD). It is expected to produce 3.5 million ...

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Cabinet approves six copper projects

"Proposals on two other projects to make them a total of six will be presented in due course," said Minister Mutsvangwa. She said the Shamrock Mine project is a joint venture between the Zimbabwe Mining Development …

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Vast finalises financial deal for Chiadzwa diamond venture

Discussions, however, Prelea said were underway to finalise the joint venture deal, which will enable the concession to procure a special grant for the mining of diamonds. He said: "Discussions continue regarding the conclusion of the company's diamond joint venture with its Zimbabwe stakeholders.

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Russia's Afromet exits Zimbabwe platinum mine project

Russia's JSC Afromet has exited a platinum mining joint venture once touted to become the biggest mining venture in Zimbabwe, its Zimbabwean state-owned partner said on Thursday, announcing it had ...

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Mining arbitration in Africa | Zimbabwe

Zimbabwe. The new Zimbabwean Mining Code notably requires mining companies operating in the country to list the majority of their shares on the Harare Stock Exchange. ... The latter brings or lends mining titles to the joint venture and the foreign investor provides funding, resources and the expertise necessary for both the exploration and ...

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Joint ventures in context: Expert interviews

Whilst unincorporated or contractual joint ventures may be common in the early stage exploration and feasibility phases of mining projects, before the mine goes into production, a financial investor or an operator will typically want exploitation licences, land and asset ownership to be held through a joint venture structure.

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Joint ventures: An overview | Zimbabwe

Depending on the underlying rationale for the joint venture, its anticipated level of operating autonomy and the skill sets of the joint venture partners, goods/and or services may be provided to the JV company by one or more shareholders. Where this is the case, a number of issues should be considered.

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Cluff Africa, Mutapa Forge Path to Develop Sandawana

This new venture represents a significant shift towards lithium, a mineral in high demand globally. The Mutapa Investment Fund (MIF), which now controls Sandawana Mines after Kuvimba was placed under its jurisdiction, aims to unlock its vast lithium resources through Build-Operate-Transfer (BOT) and Joint Venture partnerships.

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ALROSA Zim begins diamond prospecting

According to the shareholder agreement and a JV establishment agreement, ALROSA has 70% of ALROSA (Zimbabwe) Limited JV, while Zimbabwean state-owned diamond mining company's share is 30%. The joint venture focuses on prospecting, exploration and, in case of success, mining of primary diamond deposits in the Republic of Zimbabwe. Market …

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Cabinet approves mining joint venture

The proposed partnership between the Mining Promotion Corporation and Prospect Brooke Resources (Pvt) Ltd has been approved by Cabinet to conduct exploration and mine …

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Kamativi Lithium Project Update

Since the Office of the Permanent Secretary of Mines and Mining Development approved the entering into of the Joint Venture on the 4th of July 2017 between ZIM's subsidiary and ZMDC, and the subsequent value add of the project through the publication of the NI 43-101, there have been attempts by outside parties to frustrate the development of ...

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Our Gold Joint Venture Operations

Jena Mines is a Joint Venture operation between Zimbabwe Mining Development Corporation and Kuvimba Mining (Pvt) Ltd. It is a fully operational mine running underground operations in a a number of shafts. ... Golden Kopje is a Joint Venture operation between Zimbabwe Mining Development Corporation and Kuvimba Mining (Pvt) Ltd. Locality .

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ALROSA signs joint venture agreement in Zimbabwe

ALROSA, a global leader in diamond mining, and Zimbabwe national diamond miner Zimbabwe Consolidated Diamond Company (ZCDC) have signed a joint venture agreement to develop diamond deposits in Zimbabwe. The agreement was signed by ALROSA Deputy CEO Vladimir Marchenko and ZCDC Non-Executive Board Chairman Killian Ukama.

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KMC

A subsidiary of the Yahua Group, Kamativi Mining Company (KMC) is an exploration and mining development company focused on lithium in Zimbabwe. KMC is a Joint Venture (JV) company …

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Chinese investors plan $2.83 billion metals park in Zimbabwe

Chengxin Lithium Group Co. and Sinomine Resource Group Co. are setting up a joint venture to explore for the metal and Zhejiang Huayou Cobalt Co. plans to invest $300 million to develop the ...

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Joint Ventures Act

Joint Ventures Act (Chapter 22:22) Zimbabwe Repealed Zimbabwe Joint Ventures Act Chapter 22:22 Commenced on 27 May 2016 [This is the version of this document at 31 December 2016 and includes any amendments published up to 31 December 2017.] [Note: This version of the Act was revised and consolidated by the Law Development Commission of …

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Our Platinum Joint Venture Operations

Consumated in June 2012, Global PS is a Joint Venture operation between Zimbabwe Mining Development Corporation (ZMDC) and Global PS Mining Investments Company Limited (Global PS). ... Todal Mining (Pvt) Ltd is a Joint Venture operation between Zimbabwe Mining Development Corporation (ZMDC) and Lefevre and is located in the Shurugwi area. ...

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US$130 Million for gold centres operationalisation

Defold mining has penned two joint venture agreements worth an estimated US$ 130 million meant to operationalise, gold centres in various provinces, with the first centre expected by June this year. Prince Sunduzani. The signing ceremony was held at the Ministry of Mines and Mining Development offices.