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Tharisa, the platinum and chrome miner run by the Pouroulis family, is considering investing in a $4.2-billion platinum project in Zimbabwe being developed by another company founded by the family.
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Dec 07, 2016· Mining companies including Sinosteel Corp.-owned Zimasco (Pvt) Ltd. have ceded chrome-mining licenses to Zimbabwe’s state-owned Apple Bridge Investments, which buys chrome ore for export, Mines Minister Walter Chidakwa said.
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Ferrochrome smelting and smelting capacity investment in Zimbabwe. 9 Mar 2011 … In Zimbabwe, the availability of chrome ore reserves, most of which would be produced by open-cast mining, with a high Cr/Fe ratio, should …
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Four years after banning chrome ore exports, Zimbabwe has lifted that ban in attempts to grow the sector.
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Smelting plants refine ore and produce semi-finished products such as ferrochrome that have a higher value.Small-scale miners have been lobbying for the lifting of the ban because Zimasco, which has the only operational smelter, was said to be buying very little chrome ore at low prices of about US$50 per tonne, while international markets were …
The ban will allow for the export of up to 30 million tonnes of chrome ore. ZimAlloys, one of the country’s largest chrome producer says it will realise about $225 million from the export of three million tonnes in four years.
Chidakwa said all exports of chrome ore shall be conducted under the auspices of the Minerals Marketing Corporation of Zimbabwe (MMCZ) and facilitated by the Reserve Bank of Zimbabwe (RBZ) and the Zimbabwe Revenue Authority (ZIMRA).
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Locally, chrome prices vary from $40 to $80 per tonne for lumpy chrome, depending on the grade, while chrome concentrates attract $84 a tonne. On the export market, Zimbabwe’s chrome attracts between $80 and $100 per tonne for concentrates.
Source: SA cheap chrome ore threaten Zim mining sector – Sunday News Jun 18, 2017 Munyaradzi Musiiwa, Midlands Correspondent THE local chrome sector might fail to reach the projected annual target output owing to plummeting chrome ore prices on the international market as well as cheap quality chrome ore from South Africa that has …
4.2 Production Capacity of the Chrome Sector Table 2: Zimbabwe Chrome Ore Production In the last 30 years the chrome sector has experienced highs and lows in production. The highest production levels were recorded in 1997, 2001 and 2002 when the sector produced over 750 000 tonnes per year.
In Zimbabwe, chrome occurs in two distinct geological environments; the Great Dyke and the Greenstone belts. About 95% of chromium resources are geographically concentrated in southern Africa and Zimbabwe is estimated to host over 80% of the world’s resources of metallurgical1 quality chromite, mainly on the Great Dyke.
Moti Group is preparing to double its investments in Zimbabwe to $500 million after the removal of Robert Mugabe as president in November. Moti Group is preparing to double its investments in Zimbabwe to $500 million after the removal of Robert Mugabe as president in November.
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