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Search results: ferrochrome

Gweru chrome smelter targets US$100 million export earnings

GWERU-based Chinese chrome smelter, Jinan Corporation, targets to increase its annual export earnings to US$100 million and creating additional jobs through construction of four more furnaces at its Almid plant.The company operates five furnaces and will...

African Chrome Fields shuts down

ONE of the country’s largest ferrochrome producers, African Chrome Fields (ACF), has shut down its mining operations in Kwekwe, laying off over 500 workers.The company is owned by South African businessman Zunaid Moti, with the Zimbabwe...

Mineral exports in 9 percent jump

Zimbabwe has recorded an 8,7 percent jump in mineral exports to $910 million in the first half of the year compared to the same period last year, statistics from the Minerals Marketing Corporation of Zimbabwe (MMCZ)...

Is Chrome our hope to lift the Economy?

Zimbabwe has a significant resource in the chromium sector, with the world’s second largest reserve of chrome and as such the reserves are to be utilized to help in reviving the country’s economy.By Mirirai NgoyaZimbabwe is...

MMCZ in chrome investment pitch

THE Minerals Marketing Corporation of Zimbabwe (MMCZ) has assured international stakeholders that demand for chrome ore, ferrochrome and other chrome related products remains very high, thus investing in the sector remains lucrative.Presenting at the just- ended...

Chrome policy ready by July

GOVERNMENT expects the Chrome Development Policy to be ready by July this year, raising expectations this might steer development and attract additional investment in the key mining sub-sector.Zimbabwe holds the world’s second largest chrome ore deposits...

Zim targeting exponential growth in Chrome production

Zimbabwe is targeting exponential growth in the production of ferrochrome and will leverage this on the International Chrome Development Association (ICDA) conference starting today until Thursday this week in Victoria Falls. President Mnangagwa is scheduled to...

China’s Tsingshan expands plans for Zimbabwe steel plant

China's Tsingshan Holding Group has expanded its plans for a steel plant in Zimbabwe to include a power plant and a lithium concession, Zimbabwe's Mines Minister Winston Chitando said on Tuesday.President Emmerson Mnangagwa's government is trying...

Gvt seals $5 billion steel plant deal

GOVERNMENT yesterday signed an investment deal worth more than $5 billion with a Chinese steel manufacturing giant, Tsingshan, for the setting up of a new steel plant in Mvuma and to bankroll a number of mining...

Predatory buyers dominate chrome market

ZIMBABWE’S chrome market is dominated by predatory buyers who have formed domestic cartels which purchase chrome at an average price valued at 15% of export sales prices.According to a chrome producers draft policy, there are great...

South Mining invests $50 million on new battery oven

COKING coal producer, South Mining, has invested $50 million into the construction of a new battery oven at its Hwange plant.The company targets to produce more than 400 000 tonnes of coke per annum by 2020....

Mining earned more than 3,4 billion

The mining sector earned more than US$3,4 billion last year, driven by high international metal prices and record breaking output particularly for gold, diamonds, chrome and nickel.This saw the Zimbabwe Revenue Authority (Zimra) getting over US$95...

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