Chinese Firm Invests in Chrome Smelter
Afrochine Smelting (Pvt), a subsidiary of Tsingshan Iron and Steel Group of China is building a chrome smelter in Selous near Chegutu. The smelter is expected to be complete by mid-November as the company has finished setting up the plant only left to be connected to power utilities by ZESA. The company will be operating under a five year indigenization exemption to allow the company to set up its plant and get back its investment.
The products to be processed already have a market in China and the company will have an annual production of 50,000 tonnes of ferrochrome. The company Director Mr Benson Xu said the plant will create employment for more than 300 people. This is the first phase of the project as the company intends to build more furnaces in the country depending on the availability of chrome resources.
Source : Herald 30 October 2013