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The mine, opened in 1936, closed in June 1994 after international tin prices fell to levels that rendered operations unviable.
The price depression emanated from the devastating tin price crash in 1985 when, overnight, the price crashed from about $10 000 per tonne to less than $4 000.
Government had since announced that it had shortlisted three investors willing to partner the ZMDC in the venture.
ZMDC general manager Mr Jerry Ndlovu told New Ziana the corporation was close to securing a partner.
“About two weeks ago we were in South Africa doing due diligence on the three short-listed firms,” he said.
“We are compiling a report and by August we should have completed the process and have an investor in place.”
Mr Ndlovu, however, refused to reveal names of the companies interested in the partnership.
Between $35 million and $50 million is required to resuscitate operations at Kamativi.
At present a tonne of tin fetches between $17 000 and $22 000 on the international market.
Tin is used in electroplating,creating alloys and manufacturing kitchen utensils.
Tin mining was a major economic activity in the province and at its peak, the mine produced one million tonnes of the base metal annually and employed about 1 000 people. — New Ziana.
Online Reporter