Page 4 - Mining House News Today

Kuvimba Mining House, which has both private and State shareholding and has been resuscitating gold mines, has been chosen by Cabinet as the investment

DEFUNCT steel-manufacturing giant, Zisco, has completed the adjudication process for potential investors expected to spearhead the revival of the Redcliff-based firm. Names of the prospective investors have since been submitted to Cabinet for approval. In an interview, Zisco group chief executive officer Dr Farai Karonga dismissed social media reports suggesting that a decision has already…

Kuvimba Mining House has paid out US$5.2 million in dividends to shareholders, less than a year after bringing some of the country’s biggest mining assets under its wing with government support. From white former farmers, the insurance regulator, and Government, the shareholders that lined up to receive their dividend cheques today represent a broad range...

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By Staff Reporter KUVIMBA Mining House has injected US$6 million for an expansion drive for its Kwekwe-based gold operations at Jena Mine. On completion the expansion is expected to ramp-up production from monthly 24kg of gold to 83kg – an increase of 330%, NewZimbabwe.com has gathered. Kuvimba Mining House chief executive David Brown confirmed the development. “Jena Mine a subsidiary of Kuvimba Mining House has a strategic plan to restructure itself to a mid-tier gold producer through orga...

Zimbabwe to fund part of compensation to white farmers with mine revenue Finance minister says the government is also considering selling real estate and raising debt to meet the compensation bill 08 January 2021 - 17:27 Godfrey Marawanyika The Zimbabwe flag. Picture. 1233RF/NATANAEL ALFREDO NEMANITA GINTING Zimbabwe plans to use profits from a mining venture to help settle a $3.5bn compensation claim from white farmers and settle a two-decade dispute that’s soured the ...

(iStock) Zimbabwe plans to use profits from a mining venture to help settle a $3.5 billion compensation claim from white farmers and settle a two-decade dispute that’s soured the country’s relations with Western nations and global lenders. Kuvimba Mining House, of which the government owns 65%, intends to raise $1 billion for acquisitions and capital expenditure. It will invest a "significant amount" of the cash raised on the Darwendale platinum project, which belongs to...

afghan plans to attack libyan forces. libyas new leaders have given gadhafi loyalists to surrender on saturday or face more force. this is the third time mubarak is in court. he faces charges as well as his two sons faces charges on corruption. the storm swept across the country in japan with record rainfall causing land slides and flooding. 56 others are still unaccounted for. a shark killed a body border on the west coast on sunday. the beach has been closed since the attack in...