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 Japan Spends $59 Billion in Market Moves to Bolster Yen Amid Economic Woes READ MORE Emergency Efforts Underway to Rescue 13 Miners in Russian Gold Mine READ MORE China's Commodity Hoarding: Implications for Global Markets and Security READ MORE Gold Hits Record High: What's Next for the Bullion Market? READ MORE Interest Rates and Home Prices Force Buyers to Reconsider Renting READ MORE Add a Comment Cancel replyYour email address will not be published.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