By Abdul Rahman Suagibu –
NEW AFRICA BUSINESS NEWS, Freetown, Sierra Leone- Zimbabwe has bent on telling its story to the international community and by extension; to woo investors to the Southern Africa nation. This is in concert with the upcoming International Chromium Development Association (ICDA) conference in India.
The conference, which will be held in New Delhi in November, 2019 will galvanizes all the real participants in the Chromium Industry – miners, smelters, stainless steel makers, financiers as well as suppliers of machinery and other raw materials.
Zimbabwe’s responsibility in the chrome sector cannot be over emphasized, as it is home to the world’s second largest chrome reserves after South Africa. And its participation at the conference will help Zimbabwe showcase what the country has to offer, its rich mineral wealth as well as present an opportunity for development and investment in the country’s mining sector.
Polite Kambamura – Mines and Mining Development Deputy Minister opined that, it is a fine atmosphere to network with giants in the industry, share knowledge on latest trends as well as new technologies necessary for improving operations.
“All players in the chrome industry gather together, share ideas, technology and new markets,” he said in an interview after tour of two of the country’s top smelters — Afrochine in Ngezi and Jin An in Gweru. The tours were in preparation for the ICDA conference.
“This is where we are able to interact with potential investors as well as get appreciation of new technologies like the ones here -Jin An which is the first of its kind here in Zimbabwe,” he noted.
Deputy Minister Kambamura said: “We are going to India following the conference which we hosted in Victoria Falls. There have been a lot of negative reports about Zimbabwe but we showed the world that we are open for business.
“All the players came in and discovered we have lots of resources. The international community had first-hand information from investors such as Karo Resources, Afrochine, Jin An and all the other chrome smelters around the country. So this one is an opportunity for us to project Zimbabwe in positive light.”
Zimbabwe has the second largest chrome ore resource at an estimated 900 million tonnes while global resources are at 7.5 billion tonnes.
In 2018 Zimbabwe produced an estimated 1, 358 million tonnes of ore against a global total of 33,7 million that’s accounting for 4 percent of global output.
More exploration in the sector is required creating scope for the country to encourage more investors in the sector.
For New Africa Business News Abdul Rahman Suagibu Reports, Africa Correspondent
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