Mutapa unbundles Kuvimba Mining House

The Mutapa Investment Fund has restructured Kuvimba Mining House, unbundling the group into five specialised commodity-focused entities in a strategic shift to sharpen operational focus, improve governance and unlock value across Zimbabwe’s mineral resources. The standalone entities are Mutapa Gold Resources, Mutapa Base Metals, Mutapa Energy Minerals, Mutapa Platinum Group and Mutapa Frontier, which will focus on rare earths and frontier minerals. Mutapa chief investment officer Mr Simba Chinyemba, announcing the restructuring at a media briefing yesterday, said the move marked a fundamental reorganisation of Mutapa’s minerals cluster, transitioning from a broad holding structure to specialised entities aligned to specific commodities.

“The significant thing is the strategic shift for the Mutapa Investment Fund, specifically regarding our mineral resources cluster, as we unveil a comprehensive restructuring that transitions us from a broad holding model to specialised commodity-specific verticals,” he said. Under the new structure, the mining assets previously held through KMH have been reorganised into five distinct units. Mr Chinyemba said Mutapa Gold Resources will be headed by Mr Trevor Bernard, Mutapa Base Metals by Mr Godwin Gambiza, Mutapa Energy Minerals by Mr Innocent Rukweza, and Mutapa Platinum Group by Mr Munashe Shava. Mutapa’s mining interests were previously held through a spiderweb of entities, including Kuvimba Mining House, the former Industrial Development Corporation (IDC) and several minority holding entities.