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Zimbabwe to Mobilise Investment in Ferrochrome Sector

Time:Fri, 06 Aug 2021 15:18:49 +0800

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Zimbabwe is well placed to mobilise huge investment in the ferrochrome sector after it granted huge tracts of mining fields to investors intending to value add the mineral.

Aiding prospects for huge capital inflows into the sector was the ban on raw chrome exports on Tuesday by government in a development likely to encourage building of smelters.

Announcing the latest strategy to boost the mining sector during Tuesday's post Cabinet media briefing, Information, Publicity and Broadcasting Services Minister, Monica Mutsvangwa, said the moratorium on raw chrome ore exports would promote the local value-addition chain.

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