Queen B scoops a Multi-Million Dollar Russian Deal
The petroleum industry dominant player and ally to President Emmerson Mnangagwa, Kudakwashe Tagwirei has become a new joint venture partner with Afromet JSC in the Darwendale platinum mine project.
Afromet JSC is a Russian Investment which has been in charge of the Darwendale platinum mine project since 2013.
In a statement released by the company in charge, Great Dyke Investments (GDI) stated that Landela and Afromet JSC have equal stakes in the project.
“The 2019 year is marked for the project and GDI by the arrival of a new strong Zimbabwean shareholder, Landela Mining Venture which is part of the bigger experienced multinational commodity trading group Sotic International Ltd with business interests in minerals and oil trade in the SADC region,” said GDI.
The project is expected to be implemented in three phases with the first phase expected to cost US$500 million whilst 860, 000 ounces of PGM and gold are expected on a yearly basis.
Tagwirei is also a shareholder in the African Chrome Fields and Fossil Contracting in which the Managing Director Obey Chimuka now sits on the GDI board.
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11 INSIDE PICTURES OF EX PRESIDENT MUGABE’S FAMOUS BLUE ROOF MANSION
There has been a lot of elusiveness surrounding ex-president Mugabe’s Blue Roof Mansion is Borrowdale.
Approach roads to the mansion, topped by a Chinese-style roof clad in midnight blue tiles from Shanghai, have always been off-limits to the general public.
The blue roof reportedly rests 44 acre landscaped grounds and is protected by a multi-million pounds ra…MORE HERE
Also Read: THINGS YOU MIGHT NOT KNOW ABOUT GINIMBI
Genius Kadungure aka Ginimbi was a popular Zimbabwean socialite and businessman.
He was also the founder and Chief Executive Officer of a gas company, Pioneer Gases which has interests in Botswana, South Africa, and Zimbabwe. He was also the owner of Dreams Nightlife Club...read more