The Zimbabwean government has taken full control of state mining company Kuvimba Mining House Ltd through its state sovereign wealth fund, Mutapa Investment Fund. The acquisition includes the remaining 35% stake previously held by private investors, after the government had already acquired the initial 65% stake. The mining assets were previously owned by a company controlled by Kudakwashe Tagwirei, a tycoon who is sanctioned by the US and UK for alleged corruption. The government has not disclosed how they acquired the mining assets. The CEO of Kuvimba, Simba Chinyemba, stated that the speculation about the ownership complicated the company's dealings with potential investors. The amount paid for the 35% stake and the completion date of the transaction were not disclosed. Kuvimba's assets include nickel and gold mines, lithium and platinum deposits, and Zimbabwe's largest platinum deposit, Darwendale. Kudakwashe Tagwirei has never benefited from Kuvimba's operations. [8ee6960d]