Zimbabwe: Govt, Foreign Consortium Behind Kuvimba Mining House allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
David Brown:Chairman:Coal of Africa 15/03/2013.pix Robert Tshabalala
A new mining group, Kuvimba Mining House, in which government has 65 percent shareholding, has been launched amid expectations that the country will benefit more from the venture.
Boasting of an asset portfolio of USD1.5 billion worth of minerals such as gold, nickel and chrome, Kuvimba Mining House, which was launched this Friday in Shamva alongside the re-commissioning of Shamva gold mine, is expected to be a game-changer towards achieving a middle-income economy by 2030.
Receiving share certificates from Kuvimba mining House Chief Executive Officer, David Brown, Finance and Economic Development Minister, Professor Mthuli Ncube said the company will generate funds that will go towards achieving inter-generational equity.