Mutapa restructures mining portfolio

MUTAPA Investment Fund’s plati­num group metals arm has secured US$100 million to kick-start de­velopment of the US$500 million Darwendale platinum project, with first production targeted within 12 months.

MUTAPA Investment Fund (MIF) has overhauled its mining assets, replacing the Kuvimba Mining House (KMH) model with commodity-specific units to streamline national mineral production. MIF chief investment officer Simbarashe Chinyemba told the media in Harare yesterday that the move was designed to ensure the sovereign wealth fund runs a leaner and more efficient organisational structure…

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