Kuvimba Mining House in Zimbabwe has announced plans to acquire exclusive prospective orders (EPOs) to extend its already extensive tentacles in the country’s mining industry.
This comes as the mine revealed plans to resuscitate the Club and Tiger gold mine in Kwekwe as part of the strategy to grow its asset base by acquiring and reviving mothballed assets. The mining group revealed that it will acquire EPOs in order to drive the search for other strategic minerals across mineral rich Zimbabwe.
Already, Kuvimba, in which the Government is a significant shareholder, owns some of the country’s most valuable mining assets cutting across a range of minerals, including gold, platinum, chrome and nickel. Freda Rebecca Mine (Kuvimba subsidiary) managing director Eliakem Hove, said the operations at the Club and Tiger Mine were still at the exploration stage while on the other hand operations had begun at the Jena Mine.
Revamping idle gold mining operations
“We have Club and Tiger in Kwekwe where we are still at exploration stage gathering information. Jena has actually added a name they are running their operations as we speak. At the group level that’s where we are looking throughout the country to getting some EPOs in strategic minerals and revive other idle mines,” said Mr Hove.
Its largest gold operation, Shamva Gold Mine, is targeting to produce up to 400kg per month after having attained 48 000 tonnes of gold ore in July above a set target of 30 000. Previously, Kuvimba had indicated intentions to revamp a number of idle gold mining operations across the country, which it said was key to enhance the nation’s export earnings.