Mutapa Investment Fund has restructured its mining portfolio, forming five specialised mining companies to replace the fragmented structure it inherited from Kuvimba Mining House, as the sovereign fund moves to tighten oversight and accelerate growth across key minerals.
The new entities are Mutapa Gold Resource, Mutapa Base Metals, Mutapa Energy Minerals, Mutapa Platinum Group Metals and Mutapa Rare Earths, a reorganisation Mutapa says aligns its operations with global best practice and improves accountability under its 2026 FIRE strategy.
Gold has emerged as a central pillar of the restructuring. Mutapa said its gold unit is targeting output of 80 000 ounces per year, with plans to double production within the next three to four years, as it consolidates assets and scales operations.
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The restructuring coincides with renewed momentum in platinum development. Mutapa Platinum Group Metals is engaging potential partners to co-develop a US$500 million platinum project at Darwendale, one of Zimbabwe’s most significant undeveloped platinum assets.
The project is expected to be developed as an open-pit mine, with estimated resources of 44 million ounces of platinum-group metals, and an initial mine life of seven to ten years.
Mutapa Platinum chief executive Munashe Shava said discussions with prospective partners were at an advanced stage.
“Funding discussions are advanced, with partners nearly secured,” Shava said, adding that the company is targeting to begin development by the end of the first quarter.
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