Zisco limestone project secures an offtaker
Zimbabwe Iron and Steel Company (Zisco)‘s limestone mining project which currently is at the dewatering stage has secured an off-taker to fund the mining and expansion of the pit.
Rudairo Mapuranga
According to Kuvimba Mining House (KHM) Chief Financial Officer Mr Innocent Rukweza, the off-taker will help finance the project by buying the limestone for Steel manufacturing pig iron.
The Redcliff-based company has so far invested US$2 million for limestone extraction with a production target of 20 tonnes per month.
Zisco board had anticipated the project or mining to commence by the end of August and produce 80 tonnes of limestone in 2023.
According to Rukweza, the Zisco limestone project is going to dewater 10 metres and start mining operations and the expansion of the open pit.
“The Zisco project is exciting, what has happened so far is we are in the process of dewatering. we already have an off-taker of the limestone who wants to do steel manufacturing pig iron. We have other users of limestone who are into agriculture, we are hoping that after the dewatering is done, it’s actually not going to be done but we going a little bit lower like 10 metres and we will start mining and we are also going to expand the pit. This is a low-hanging fruit for Zisco,” Rukweza said.