Zimbabwe may sell 40% stake in a key gold mine to raise capital
Zimbabwe’s largest gold producer is negotiating with potential partners to boost production at its Shamva mine.
Following the approval by Wesizwe shareholders in March 2011 of the total mine development financing solution offered by the Chinese consortium of Jinchuan, CAD Fund and Micawber, TWP Projects, a Basil Read Group company, has submitted a full EPCM proposal to the company for the new twin vertical shafts (the Main and Ventilation Shafts), a new plant and all surface infrastructure at its Frischgewaagd-Ledig Complex near Rustenburg, South Africa.
