Govt Seeks To List Biggest Mining Company - NewZimbabwe.com

Govt Seeks To List Biggest Mining Company - NewZimbabwe.com


Bloomberg
ZIMBABWE, banking on mining to end two decades of economic stagnation, plans to list the company in which it has placed state mining assets to raise cash to meet government obligations, the nation’s finance minister said.
Late last year, the government created Kuvimba Mining House Ltd., in which the state pension fund and sovereign wealth fund hold 65%, to house its holdings in platinum, gold and nickel. It intends to use revenue from the company to meet a laundry list of requirements ranging from compensating White farmers for infrastructure on farms that were seized two decades ago to improving pensions.

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