Report: Kuda Tagwireyi could become Zim’s biggest gold buyer after bagging a deal with Fidelity Printers. According to the publication: Fidelity announced on May 26 that large scale gold buyers must own mines producing at least 50kg of gold per month, a move designed to flush out foreign buyers. Landela Mining has also taken majority shareholding in Jena Gold Mine, Elvington Mine, Golden Kopje Mine and Sabi Gold Mine from the state-owned Zimbabwe Mining Development Corporation as Tagwirei expands his mining portfolio.
Businessman and alleged Zanu PF benefactor Kuda Tagwireyi and his company Landela Mining Venture through CBZ Bank could become Zimbabwe’s biggest gold buyer after striking a deal with Fidelity printers that will see CBZ turning a portion of its banking halls into specialised gold-buying and handling centres, ZimLive reports.
The company also owns Bindura Nickel Corporation and is a joint venture partner in the US$500 million Russian-led Darwendale platinum mine project. Tagwirei through Akribos Wealth Managers (Pvt) Ltd has a 30% shareholding in CBZ which makes him a majority shareholder.
Source – Pindula News
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