“We may settle for somebody who may take an enormous chunk (of shareholding in Shamva) however not a majority stake,” Maseva-Shayawabaya informed Reuters throughout a tour of Freda Rebecca gold mine, situated about 97 kms (60 miles) north-east of the capital, Harare.
“However we haven’t progressed sufficient within the discussions for us to have the ability to say that is the construction we envisage.”
Kuvimba is searching for to boost about $150 million to develop an open forged mine at Shamva in addition to construct a processing plant. It additionally wants companions who can spend money on extending the lifetime of Freda Rebecca past the present 5 years, he mentioned.
The financing is also secured by debt, he added. He declined to call the potential buyers the corporate is speaking to.
The corporate mentioned final month it was finalizing talks with potential companions to boost financing for a lithium plant at its Sandawana mine.
In Could, one in every of Kuvimba’s property, Bindura Nickel Corp, was positioned beneath administration because it struggled to boost financing to revive manufacturing after an underground tools failure in September halted mining operations.
Kuvimba’s gold mines produced about 95,000 ounces of the valuable metallic final 12 months.
(By Nyasha Chingono and Felix Njini; Modifying by Emelia Sithole-Matarise)