- Kuvimba Mining House (KMH) is investing in a 6MW solar plant at its Bindura-based Freda Rebecca Gold Mine to enhance power security and boost production.
- This initiative is part of KMH’s broader strategy to address power shortages and operational challenges.
- Zimbabwe is currently in a massive energy crisis where households and businesses face daily blackouts of 10 hours or more. Read more
KMH’s acting CEO, Engineer Trevor Barnard, highlighted the impact of load-shedding on mining operations and detailed plans for dedicated power lines and solar installations to mitigate these issues. The company is working with Zimbabwe Electricity Transmission and Distribution Company (ZETDC) to optimize power supply and reduce costs.
Zimbabwe’s government controls 65% of Kuvimba through a 21.5% direct stake and other shareholding via state entities, including a sovereign wealth fund and pension funds. However, there have been contradictory claims about the ownership of Kuvimba’s assets.
Author: Bryan Groenendaal
