‘Kuvimba unbundling to attract investors’

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)’s unbundling of its mining subsidiary, Kuvimba Mining House (KMH) is expected to attract targeted investor interest in specific mineral entities, the sovereign wealth fund’s chief investment officer Simbarashe Chinyemba has said. The move, announced last week at a press conference, is part of MIF’s strategy to unlock greater value from its…

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