By Staff Reporter
Kuvimba Mining House has been approved by cabinet as the official Investment partner for the revitalisation of ZISCO Steel.
The Minister of Industry and Commerce, Honourable Dr. Sekai Nzenza who presented the update on the resuscitation of the steel mining firm said due process was undertaken for the identification of an investor to partner Government in the operationalisation of ZISCO Steel.
“Cabinet is informing the nation that due process was undertaken for the identification of an investor to partner Government in the operationalisation of ZISCO Steel. The standard process to find an investor/partner for ZISCO-Steel was undertaken under guidance from the Zimbabwe Investment Development Agency (ZIDA) and incorporated inputs from the State Enterprises Restructuring Agency (SERA),” she said.
Dr Nzenza added that Kuvimba Mining House is a reputable player in the mining and metals sector.
She said Kuvimba Mining House played a pivotal role in the resuscitation of Jena Gold Mine in Midlands Province and Shamva Gold Mines in Mashonaland Central Province, which resulted in a treasury remittance.