Zimbabwe State Miner Seeks $150 Million for Gold Boost
- Kuvimba is talking to potential partners over Shamva expansion
- State-controlled company has rolled out gold tracking system
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Zimbabwe’s largest gold producer is negotiating with potential partners for a $150 million investment to boost production at its Shamva mine by 50%.
Kuvimba Mining House Ltd. — 100% owned by the state — has already undertaken feasibility study for a large-scale mine and processing plant, according to acting Chief Executive Officer Trevor Barnard.