Published: 18 May 2018

Zimbabwe will begin feasibility studies of stainless steel production in the next two months and agreements to pave the way for this exercise will soon be signed, Mines and Mining Development Minister Winston Chitando has said.

While Chitando declined to discuss the identity of the investor, Business Weekly understands it is an associate company of Afrochine Smelting, the ferrochrome producer with operations west of Harare.

Afrochine Smelting has expressed interests in setting up a stainless steel plant, with preliminary indications the project could cost as much as $1 billion.

The $1 billion excludes other investments in related sectors earmarked to support the facility.
- Business Weekly

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