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GWERU: ZimAlloys furnace rehab 60 percent complete, to create 350 jobs

GWERU: ZimAlloys furnace rehab 60 percent complete, to create 350 jobs

THE ZIMALLOYS A3 furnace refurbishment project is now 60 per cent complete with management optimistic that the multimillion-dollar project will be operational in the next six months.

The completion of the project will see the ferro-chrome producing company increasing production by four thousand tonnes annually in a move that will earn the country millions of United States dollars in export earnings.

ZIMALLOYS General Manager, Mike Dzinoreva told ZBC News that the project will culminate in opening up of thousands of jobs through downstream activities.

“We are very happy with the progress that we have made so far. We are looking forward to increasing our export receipts by five million dollars once the plant is complete. The project will result in us employing an additional 350 jobs while thousands of others will be employed indirectly. This will be the biggest furnace in the country,” said Dzinoreva.

The Minister responsible for Monitoring and Implementation of Government Programmes, Dr Joram Gumbo, who toured the project this Wednesday, urged the company to invest in value addition initiatives.

“I would like to assure you of continued government support as reflected by the waiver of duty on capital goods and efforts towards reviving national railways of Zimbabwe. I would also like to urge you to adopt the concept of value addition and beneficiation as espoused by the government. The view of government is that this is necessary to increase revenue and to ensure that the country captures all by-products coming out of our minerals,” said Dr Gumbo.

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The furnace refurbishment project is part of the government’s 100-day target based programme meant to expedite projects implementation.

ZimAlloys has a total of 39,175 hectares. The company, together with Zimasco, jointly controlled about 80 per cent of Zimbabwe’s chrome ore claims, mostly found along the famous Great Dyke.


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