Tagwireyi Planning To Buy 4 Gold Mines Owned By The Govt – Report

An investment vehicle reportedly linked to fuel mogul Kuda Tagwireyi has shown interest in buying 4 gold mines owned by the govt, Mining Zimbabwe reports.

The publication claims that Landela Mining Venture which is reportedly linked to Kuda Tagwirei is one of the companies that have shown interest in buying the gold mines the govt is keen to dispose in line with its $12 Billion by 2023 thrust.

Sources that spoke to the publication said:

He(Tangwirei)  is a cash rich investor who in the recent past has been buying some mining assets; platinum, nickel and chrome and now eyes gold assets. You cannot really doubt the capacity given his financial muscle.

Landela has reportedly over the months bought stakes in Great Dyke and is planning on buying shares in Zim Alloys. However, Kuda has denied being a shareholder or a director of Landela Mining Venture.

More: Mining Zimbabwe.

 

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