MINING OPERATION SET TO KICK-OFF IN ZIMBABWE AFTER US$50M FUND WAS SECURED

MINING OPERATION SET TO KICK-OFF IN ZIMBABWE AFTER US$50M FUND WAS SECURED

Kuvimba Mining House, intends to mobilise at least US$50 million to start mining operations at its Great Dyke Investments platinum project in Darwendale, Mashonaland West Province in the next six months. GDI’s platinum project requires an estimated US$500 million to reach optimal production in the long term. KMH, majority owned by the Government of Zimbabwe, which holds 65 percent stake in the company, has also acquired ferrochrome producer Zimbabwe Alloys (ZimAlloys), mines Jena, Sandawana, Globe…

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