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 What Ways Can I Receive Payment for My Gold? READ MORE Gold Inches Higher with Eyes on Major U.S. Economic Reports READ MORE Bill Gross Urges Federal Reserve to Halt Tightening and Slash Rates to Avert Recession READ MORE Eastern Gold Rush: How Chinese Traders Are Reshaping the Global Bullion Market READ MORE US Mortgage Rates Dip Slightly to 6.63%, Offering Hope to Homebuyers READ MORE Add a Comment Cancel replyYour email address will not be published.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