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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 organic growth phases over a two-year period,” he said. “The organic growth will be achieved through...