{"id":78910,"date":"2023-06-11T21:41:52","date_gmt":"2023-06-11T19:41:52","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/kuvimba-mining-houses-great-dyke-investments-uninterested-in-foreign-funding"},"modified":"2023-06-12T00:59:07","modified_gmt":"2023-06-11T22:59:07","slug":"kuvimba-mining-houses-great-dyke-investments-uninterested-in-foreign-funding","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/kuvimba-mining-houses-great-dyke-investments-uninterested-in-foreign-funding","title":{"rendered":"Kuvimba Mining House\u2019s Great Dyke Investments uninterested in foreign funding"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>By Mary Taruvinga<\/b><\/p>\n

ZIMBABWE\u2019S Kuvimba Mining House (KMH), Great Dyke Investments (GDI) has announced that it is not looking for any foreign investments following the pulling out of Russia\u2019s Vi Holding from the US$3 billion Darwendale Platinum project.<\/p>\n

The announcement is contrary to earlier reports that KMH was failing to attract fresh investment for the mining project as European buyers are considering moving away from projects involving Russian shareholders.<\/p>\n

Speaking to journalists on the sidelines of the GDI project tour Friday, KMH Group Technical director, Munashe Shava said the mine is focusing on internally developing the project.<\/p>\n

\u201cFor your own information, this project is now valued at US$2,5 billion and with a lifespan of over 50 years and when we look at it, the approach now is to say, let\u2019s find our own resources to develop this project because it doesn\u2019t make sense to bring in Chinese, Americans or whoever has got money to come I and get into a project of this magnitude,\u201d Shava said.<\/p>\n

\u201cWhen investors come in they bring their own conditions which might also affect the strategy of having a refinery because once an investor comes in, one will say look I have my own arrangement of a smelter in Asia…so that\u2019s the thinking.<\/p>\n

\u201cAt the moment we are not looking for foreign investors. We want to organically develop the project,\u201d said Shava.<\/p>\n

Russia\u2019s Vi Holding pulled out from a 50-50 joint venture in June last year.<\/p>\n

Located on the mineral-rich Great Dyke of Zimbabwe, the long-delayed project was expected to have a peak production capacity of 860,000oz of platinum group metals (PGM) a year.<\/p>\n

Initial development work on the project started in early 2020 and according to Shava exploration and feasibility studies have been completed.<\/p>\n

Shava added that the capital to recommence the project is estimated to be half a billion US dollars.<\/p>\n

This covers bulky infrastructure, power to get the mine going among other things.<\/p>\n

\u201cGDI Darwendale project is one of the best projects in the country compared to Zimplats, Ngezi, United and Mimosa. The exploration was fully done. We are actually being accused of over-exploring it.<\/p>\n

\u201cThe project has got about 44 million ounces of PGMs (Platinum Group Metals), so it\u2019s by no means a small project, it\u2019s quite a big project so the exploration is complete, the feasibility studies were completed, the execution was done, which is the development of the primary mine access, including the box and declines,\u201d he said.<\/p>\n

During the tour, it was noticed that among other things, portal one is fully developed to start producing ore.<\/p>\n

Accommodation for workers who would want to be onsite has been developed and there is a guest lodge on site.<\/p>\n

Chief Geologist, Hilton Nyamagodo said operations are expected to start soon but could not give time frames.<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. By Mary Taruvinga ZIMBABWE\u2019S Kuvimba Mining House (KMH), Great Dyke Investments (GDI) has announced that it is not looking for any foreign investments following the pulling out of Russia\u2019s Vi Holding from the US$3 billion Darwendale Platinum project. The announcement is contrary to earlier reports that KMH was failing to attract fresh […]<\/p>\n","protected":false},"author":84,"featured_media":78909,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,12],"tags":[1493,2189,19],"class_list":{"0":"post-78910","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-policy","9":"tag-africa-press","10":"tag-africa-press-zimbabwe-2","11":"tag-zimbabwe"},"yoast_head":"\nKuvimba Mining House\u2019s Great Dyke Investments uninterested in foreign funding - zimbabwe<\/title>\n<meta name=\"description\" content=\"By Mary Taruvinga ZIMBABWE\u2019S Kuvimba Mining House (KMH), Great Dyke Investments (GDI) has announced that it is n ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/kuvimba-mining-houses-great-dyke-investments-uninterested-in-foreign-funding\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kuvimba Mining House\u2019s Great Dyke Investments uninterested in foreign funding\" \/>\n<meta property=\"og:description\" content=\"By Mary Taruvinga ZIMBABWE\u2019S Kuvimba Mining House (KMH), Great Dyke Investments (GDI) has announced that it is n ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/kuvimba-mining-houses-great-dyke-investments-uninterested-in-foreign-funding\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-11T19:41:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-11T22:59:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/06\/sm_1686508044.280818.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/kuvimba-mining-houses-great-dyke-investments-uninterested-in-foreign-funding\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/kuvimba-mining-houses-great-dyke-investments-uninterested-in-foreign-funding\",\"name\":\"Kuvimba Mining House\u2019s Great Dyke Investments uninterested in foreign funding - zimbabwe\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/kuvimba-mining-houses-great-dyke-investments-uninterested-in-foreign-funding#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/kuvimba-mining-houses-great-dyke-investments-uninterested-in-foreign-funding#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/06\/sm_1686508044.280818.jpg\",\"datePublished\":\"2023-06-11T19:41:52+00:00\",\"dateModified\":\"2023-06-11T22:59:07+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4\"},\"description\":\"By Mary Taruvinga ZIMBABWE\u2019S Kuvimba Mining House (KMH), Great Dyke Investments (GDI) has announced that it is n ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/kuvimba-mining-houses-great-dyke-investments-uninterested-in-foreign-funding#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/kuvimba-mining-houses-great-dyke-investments-uninterested-in-foreign-funding\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/kuvimba-mining-houses-great-dyke-investments-uninterested-in-foreign-funding#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/06\/sm_1686508044.280818.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/06\/sm_1686508044.280818.jpg\",\"width\":720,\"height\":480,\"caption\":\"Kuvimba Mining House\u2019s Great Dyke Investments uninterested in foreign funding\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/kuvimba-mining-houses-great-dyke-investments-uninterested-in-foreign-funding#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.cc\/zimbabwe\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Kuvimba Mining House\u2019s Great Dyke Investments uninterested in foreign funding\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#website\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/\",\"name\":\"zimbabwe\",\"description\":\"\u0623\u062e\u0628\u0627\u0631 \u064a\u0648\u0645\u064a\u0629 \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u0627\u0644\u0633\u0627\u0639\u0629\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/zimbabwe\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4\",\"name\":\"cfeditoren\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Kuvimba Mining House\u2019s Great Dyke Investments uninterested in foreign funding - zimbabwe","description":"By Mary Taruvinga ZIMBABWE\u2019S Kuvimba Mining House (KMH), Great Dyke Investments (GDI) has announced that it is n ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/kuvimba-mining-houses-great-dyke-investments-uninterested-in-foreign-funding","og_locale":"en_US","og_type":"article","og_title":"Kuvimba Mining House\u2019s Great Dyke Investments uninterested in foreign funding","og_description":"By Mary Taruvinga ZIMBABWE\u2019S Kuvimba Mining House (KMH), Great Dyke Investments (GDI) has announced that it is n ...","og_url":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/kuvimba-mining-houses-great-dyke-investments-uninterested-in-foreign-funding","og_site_name":"zimbabwe","article_published_time":"2023-06-11T19:41:52+00:00","article_modified_time":"2023-06-11T22:59:07+00:00","og_image":[{"width":720,"height":480,"url":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/06\/sm_1686508044.280818.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/kuvimba-mining-houses-great-dyke-investments-uninterested-in-foreign-funding","url":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/kuvimba-mining-houses-great-dyke-investments-uninterested-in-foreign-funding","name":"Kuvimba Mining House\u2019s Great Dyke Investments uninterested in foreign funding - zimbabwe","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/kuvimba-mining-houses-great-dyke-investments-uninterested-in-foreign-funding#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/kuvimba-mining-houses-great-dyke-investments-uninterested-in-foreign-funding#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/06\/sm_1686508044.280818.jpg","datePublished":"2023-06-11T19:41:52+00:00","dateModified":"2023-06-11T22:59:07+00:00","author":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4"},"description":"By Mary Taruvinga ZIMBABWE\u2019S Kuvimba Mining House (KMH), Great Dyke Investments (GDI) has announced that it is n ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/kuvimba-mining-houses-great-dyke-investments-uninterested-in-foreign-funding#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/zimbabwe\/all-news\/kuvimba-mining-houses-great-dyke-investments-uninterested-in-foreign-funding"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/kuvimba-mining-houses-great-dyke-investments-uninterested-in-foreign-funding#primaryimage","url":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/06\/sm_1686508044.280818.jpg","contentUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/06\/sm_1686508044.280818.jpg","width":720,"height":480,"caption":"Kuvimba Mining House\u2019s Great Dyke Investments uninterested in foreign funding"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/kuvimba-mining-houses-great-dyke-investments-uninterested-in-foreign-funding#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.cc\/zimbabwe\/"},{"@type":"ListItem","position":2,"name":"Kuvimba Mining House\u2019s Great Dyke Investments uninterested in foreign funding"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#website","url":"https:\/\/www.africa-press.net\/zimbabwe\/","name":"zimbabwe","description":"\u0623\u062e\u0628\u0627\u0631 \u064a\u0648\u0645\u064a\u0629 \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u0627\u0644\u0633\u0627\u0639\u0629","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/zimbabwe\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4","name":"cfeditoren"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/posts\/78910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/comments?post=78910"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/posts\/78910\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/media\/78909"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/media?parent=78910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/categories?post=78910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/tags?post=78910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}