Zimbabwe's State Miner Seeks $150M Investment to Boost Gold Production at Shamva Zimbabwe’s state-controlled Kuvimba Mining House Ltd. is seeking $150 million in investment to expand its Shamva gold mine, aiming to increase production by 50%. The company, which is 65% owned by the state, has completed a feasibility study for a large-scale mine and processing plant and is now in talks with potential partners. This move is part of Zimbabwe’s broader strategy to acquire and develop mining assets within the country. Additionally, Kuvimba has implemented a new gold tracking system to enhance regulatory compliance both domestically and internationally, demonstrating a commitment to transparency and modernization in its operations. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Cash's Comeback: Investors and Corporates Bet Big Despite Rate Cut Delays READ MORE CEOs Identify National Debt as Foremost Threat Amid Global Uncertainties READ MORE Experts Predict Continued Upside for Silver and Gold Despite Recent Dip READ MORE Gold Shines in Short-Term as Copper Holds Mid-Term Appeal, Deutsche Bank Survey Finds READ MORE The Spreading Crisis in Commercial Real Estate: "Greatest Real Estate Crisis Since 2008"? READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment