Business Opportunities

business-opportunities

MMCZ Projects

With the major thrust being to encourage mineral beneficiation, MMCZ has the following available projects as investment opportunities for both foreign and local investors.

Chrome ore claims – Work done:

Feasibility studies and preliminary geological exploration work has been done on the MMCZ owned claims by the Geological Survey Department. This gave an indication of the ore composition of an average of 400,000mt of alluvial chrome at 46% Cr2O3. However; evaluation is still ongoing as other chrome reserves are still not known. Preliminary research to justify toll smelting has also been done to determine the available ore from small scale producers who are not able to fund their own smelters who will utilize the MMCZ funded smelters. Research shows that, the chrome ore export ban has resulted in the small producers stock-piling, and this has been exacerbated by the constrained smelting capacity of the major mining houses, thereby opening up opportunities for new smelting plants.

In line with the above developments and findings, MMCZ intends to:

  • Exploit its chrome resources by forming a partnership at 51% MMCZ and 49% partner.
  • Invest in a smelter for toll smelting to encourage chrome ore beneficiation or buy equity in a smelting company in Zimbabwe, and capacitate it to use the latest technology in the smelting of chrome ore fines, concentrates and lumpy ore.

Gold project – Roasting plant dump treatment and fresh ore toll treatment

The roasting plant houses four slimes dumps of volume 344 000mt at an average grade of 10g/t. A total of 97220 Oz translating to approximately US$ 159 million are estimated to be contained in this material. MMCZ invites interested parties to partner with in the exploration of this resource, as well as toll treatment of refractory material from artisanal miners using the same facilities.

In line with the above developments, MMCZ intends to:

  • Exploit its gold dump residue by forming a partnership of 51% MMCZ and 49% partner.
  • MMCZ expects the partner to bring in equity and technology to this partnership.

Granite

MMCZ seeks partners to establish a cutting and polishing plant in Harare for both domestic and foreign markets. In its portfolio MMCZ owns 11 granite claims in Nyanga and Chinsu in the Manicaland region. Surveys have indicated that the granite cutting and polishing capacity is only meeting about 40% of the market share; the demand for black granite will continue to rise as its appeal has been considered to be long lasting and not easily subjected to fashion dynamics. It is against this background that MMCZ invites investors for joint business venture in this very lucrative project.

In line with the above developments, MMCZ intends to:
– Exploit its granite resources by forming a partnership at 51% MMCZ and 49% partner. MMCZ expects the partner to bring in equity and technology to this partnership.

Diamond cutting and polishing factory

Zimbabwe has become the most successful diamond producing nation in the world and its rapid growth hinged upon its abundant diamond resources which generate a third of world output. MMCZ in partnership with ZMDC believes that the current increased production in diamonds presents enormous opportunities for entering into the cutting and polishing industry. However, both ZMDC and MMCZ lack the technical knowledge in the business but have the financial muscle as well as capacity to secure sustainable supply of rough diamonds to the factory, hence the need for a technical partner who has the skills and knowledge in the business.

In line with the above developments, MMCZ intends to:

  • Invite a technical partner who will bring in equity and expertise forming a shareholding ratio 45% MMCZ, 45%ZMDC and 10% to the technical partner.

Contact: mufunda.g@mmcz.co.zw

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