Chinese firm Afrochine Smelting is set to invest about US$2 million in the construction of two chrome smelters in Zimbabwe.
The first phase targeted to produce 40 000 tonnes of ferrochrome annually would be constructed in Selous.
The company said the project would require 100 000 tonnes of chrome ore and 24 000 tonnes of coke annually. According to the company, most of the raw materials for the processing of ferrochrome, including chrome and coke are readily available in Zimbabwe.
As part of the due diligence process and compliance with Zimbabwean environmental laws, the company has hired Tailjet Company to conduct an Environmental Impact Assessment of the project.
The proposed investment comes after the Chrome Producers’ Association engaged SMS Siemag of Germany to conduct feasibility studies for a joint smelting plant estimated at US$20 million.
- Zimbabwe, China seal US $1bn power deal
- ZESA seeks US $128m for Gairezi hydro power project
- Zimbabwe’s Batoka Hydropower project to get GE support
- Zimbabwe to ensure no Winter Blackouts
- US $5.2bn Batoka Gorge hydro electricity project to commence