chineese frim to invest chrome smelter mines zimbabwe

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Afrochine Smelting P/L | LinkedIn

Afrochine Smelting (Pvt) Ltd was established in 2012 and is a subsidiary of China's second-biggest stainless steel products manufacturer Tsingshan Group. The company is currently ... Compliance with the Mining Charter is an imperative for the business as a Zimbabwe based mining company. Afrochine strives to be fair...

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Zimbabwe: China's 'All-Weather'…

11 Jan 2016 ... China's mining interests in Zimbabwe are wide-ranging with its first major foray in 2003 being a $300 million investment in Zimbabwe's iron, steel, chrome and platinum resources. The commercialization of diamonds as a Zimbabwean export product rapidly increased Chinese investments in the mining...

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Chrome price boom creates scramble for claims - The…

30 Apr 2017 ... According to a mining markets and investment website, InvestmentMine, ferrochrome prices grew by 27% to $2,29 per kg as at the end of March, from $1,80 ... as required by government, but they were offering slightly less," he said, adding that the claims were earmarked for small-scale miners and smelters.

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FERROCHROME SMELTING IN ZIMBABWE.pdf -… pdf

Although Zimbabwe has seen a significant number of new investment in chrome ore mining, there has been relatively ... Zimbabwe ferrochrome production is mainly from four smelters, namely ZIMASCO in Kwekwe, ZimAlloys ... raw chrome ore on the international markets, particularly on the Chinese market, the country has.

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SA woes may dim global ferrochrome industry |…

26 Jan 2017 ... Chinese companies have established chrome mining and smelting operations in countries such as Turkey, South Africa and Zimbabwe and this is expected to boost the medium- to long-term outlook of the global ferrochromium market. According to the report, South Africa has a "significant market share in...

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Zimasco shuts down Peak Chrome Mine - Bulawayo24…

16 Feb 2011 ... Sinosteel owned Zimbabwe ferrochrome producer Zimasco will shut down its 48 000 tonnes per year Peak Chrome Mine, an underground operation, due to dwindling ore, a company spokesperson told reporters. Zimasco is Zimbabwe's largest ferrochrome miner and also owns smelting operations.

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Zimbabwe mine seizure fears | The Financial…

9 Jun 2016 ... GOVERNMENT this week moved to confiscate half of the mining claims held by one of the country's largest chrome miners, Zimbabwe Alloys Limited (ZimAlloys), ... Another mining concern, the Zimbabwe Iron and Smelting Company (Zimasco), owned by China's Sinosteel Corp, had also been requested to...

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Zimbabwe: Reconstruction of Alaska Smelting…

28 Sep 2017 ... Investing in chrome smelter was in line with Government's policy on mineral beneficiation, said Mr Ganediwal. "We found ... Over the years Zimasco, a unit of China's Sinosteel and ZimAlloys had enjoyed monopoly of the chrome mining sector, as it owned over 80 percent of the mining claims in the country.

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Ferrochrome Furnaces

Its largest shareholder is the Johannesburg-based Moti family, one with considerable interests primarily in property and mining. Ferrochrome Furnaces promotes high levels of integrity and leadership throughout the Company and in its dealings with third parties, a function overseen by a board of directors. This business...

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Chrome: Waking up to what is possible -…

12 Jan 2017 ... A price surge in chrome is attracting junior miners, and commentators believe prices could remain firm for some time. ... of SA's recent electricity shortages and tariff hikes, which have strangled investment in smelters, it has been increasingly exported as a concentrate to ferrochrome smelters in China.

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Mimosa Platinum Mine may close if Zimbabwe…

15 Sep 2017 ... IT was "crunch time" for Impala Platinum's (Implats') Zimbabwe mine Mimosa which was under threat of closure as it could not comply with the southern African country's beneficiation laws and remain ... He said the company had recently completed a feasibility study on the smelter and found it unaffordable.

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Iconic Alaska mine set for rebirth | Business…

8 Sep 2017 ... The company has entered into an agreement with the Zimbabwe Mining Development Corporation to put a new plant at Alaska Copper Smelting Complex ... Mr Ganediwal said Parrogate, which also has business interests in agro-processing, said investing in chrome smelting was in line with Government's...

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Chrome Mining Sector in Zimbabwe.doc -… doc

Chrome mining in Zimbabwe is mainly concentrated on the Great Dyke and it is estimated that the Dyke hosts about 10 billion tones of unproven reserves. ... producers and smelters that included Zimasco, Zimalloys, Oliken and Maranatha, small-scale producers as well seven Chinese companies operating in Zimbabwe.

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Chinese officials to explore chrome smelting…

20 Oct 2017 ... CHINA'S fifth largest ferrochrome producer, Yuanda Juhua, is exploring opportunities to build smelters in Zimbabwe to secure raw materials for its business. Three senior ... in Zimbabwe. "The second step is how we can invest in a mine but we will engage the MMCZ on how to structure such a corporation.

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President Emmerson Mnangagwa's 'controversial'…

2 days ago ... Moti has business interests in Zimbabwe through a mining company called Africa Chrome Fields (Pvt) Ltd, which is a subsidiary of South African mining company Fanshawe Mining Holdings. Africa Chrome Fields (ACF) has invested in a large chrome mining and smelting project in Zimbabwe which,...

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zimbabwe mining news Archives - Mining…

Zimbabwe Alloys, the country's second largest ferrochrome producer, has ceded half of its mining claims to the government, The Herald newspaper said on ... CHINESE nationals at the Goldmore Investments, a mining company based in Inyathi, Matabeleland North province, are reportedly abusing employees by...

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Topic - Zimbabwe Mining & Smelting Company -…

Zim miner, Chinese firm in $250m ferrochrome smelting plant deal. By: Oscar Nkala 7th March 2014 Zimbabwe's biggest chrome producer, the Zimbabwe Mining & Smelting Company (Zimasco), and China's Jilin Houyuan have signed an agreement that will see the latter investing $250-million in th a ferrochrome sintering...

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Chinese firm to invest in Zimbabwe Chrome…

16 Jul 2012 ... Chinese firm Afrochine Smelting will invest about US$2 million for constructing two chrome smelters in Zimbabwe for processing chrome ore into ... There has been pressure on the government to lift the ban in a bid to save small-scale chrome miners who are unhappy over prices being charged by...

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Did Mnangagwa Mortgage Zimbabwe To Muslim Businessmen…

5 days ago ... According to ACF's 2013 Investor Handbook, Zimbabwe Investment Authority issued ACF a licence to own a 70% equity interest in African Chrome Fields on ... Fanshawe Mining Holdings director, Zunaid Moti, shows President Mugabe the chrome smelting process while Director General of Central...

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Shangani to invest $120m as gas permit is extended | The…

10 Aug 2017 ... Zambezi Gas is also into coal mining in Hwange. Shangani Energy is jointly owned by Zimbabwe's largest ferrochrome producer, the Zimbabwe Mining and Smelting Company (ZIMASCO) and its parent company, China's Sinosteel Corporation. In a Government Gazette published last week, Munashe...

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TSINGSHAN HOLDING GROUP

Tsingshan Holding Group is now investing and holding more than 30 companies like Tsingtuo Industrial Group, Ruipu Technology Group, and Guangdong J-eray ... is also owning the laterite nickel ore mine covering 47,000 hectares in Sulawesi of Indonesia and chrome ore mines covering 5,000 hectares in Zimbabwe.

Zibagwe $200 million investment fact or fiction? -…

18 Mar 2015 ... Moti Holdings, according to Africa Mining, bought ACF for $3 million with $1 million only having paid in 2014 after ACF secured an environmental ... The process normally takes six hours in the conventional furnaces similar to those operated by largest chrome smelting company Zimasco and uses high...

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Overcoming Adverse Conditions in Zimbabwe's Mining…

7 Apr 2017 ... Together, Zimbabwe Alloys (ZimAlloys) and Zimbabwe Mining and Smelting Company (Zimasco) until recently controlled upwards of 80% of Zimbabwe's chrome ore resource. However, in a move to break their monopoly, the government ordered the companies to relinquish some of their chrome claims,...

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MMCZ protects chrome miners from predators | The…

3 Aug 2017 ... Small scale miners, who are represented by the Confederation of Zimbabwe Small Scale Chrome Miners (CZSSCM), have been piling pressure on MMCZ ... "At the moment it does not make sense for MMCZ to accept prices from the international markets that are below those being offered by local smelters...

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Indian company eyes ZimAlloys | The Chronicle

5 Jun 2017 ... AN Indian company is reportedly interested in injecting funding into Gweru based ferrochrome producer Zimbabwe Alloys (ZimAlloys), which will boost ... ZimAlloys is my priority at the moment because I have revived the Zimbabwe Mining and Smelting Company (Zimasco) and my focus is now on this deal.

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Chinese trade and investment and its impacts on… pdf

14 Dec 2011 ... 6 Chinese FDI projects (all sectors, except mining) in Mozambique, January 2000 to September 2010 16. 7 Chinese ... Chambishi Copper Smelter ..... market entry but causing a surge in illegal chrome mining. Zimbabwe was also found to be mortgaging many of its mining assets to Chinese companies as.

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Investor Presentation – DRAFT – v.1 - Afarak pdf

Opportunity for Investment. Page 2. Introducing Afarak. ➢ A vertically integrated ferroalloys producer from mine to customer. ➢ Supplies specialist products to steel & stainless steel industries: ➢ Diversified product mix: ... Chrome ore mined by TMS are low in phosphor and sulphur, making them ideal for smelting. It.

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Zimbabwe: Reconstruction of Alaska Smelting…

28 Sep 2017 ... Investing in chrome smelter was in line with Government's policy on mineral beneficiation, said Mr Ganediwal. "We found that it was ... The plant will initially rely on chrome ore from small scale miners in the surrounding areas such as Darwendale and Mutorashanga, but would later apply for own claims.

$100 million investment for ZimAlloys - Sunday…

27 Aug 2017 ... GIANT ferrochrome producer, Zimbabwe Alloys is on the verge of sealing a deal with an Indian investor expected to inject more than $100 million into ... ZimAlloys is my priority at the moment because I have revived the Zimbabwe Mining and Smelting Company (Zimasco) and my focus is now on this deal.

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Zimbabwe Mining Development Corporation scouts for…

23 Jan 2017 ... ZMDC has three (non-operating) copper mines namely; Mhangura Copper Mines, Sanyati, and Lomagundi Smelting and Mining. Dr Farai Karonga, acting general manager, ZMDC told The Herald Business this week that the mining company is scouting for investors with "enough muscle" considering that...

The BRICS scramble for Africa – resources plunder or economic…

14 Sep 2011 ... Shaun Lightfoot, MD of Zimbabwean-based international investment company Zimvest, expands on this: "China in particular has industry to sustain; if you .... Lightfoot believes one example of positive FDI in Zimbabwe's mining industry is Indian conglomerate Essar Africa Holdings' (Essar's) acquisition of...

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Ferrochrome smelting and smelting capacity… pdf

Southern African Institute of Mining and Metallurgy, Johannesburg, 6–9 March 2011. 77. Ferrochrome smelting and smelting capacity investment in Zimbabwe. J. Chirasha. Zimbabwe Alloys Chrome, Gweru, Zimbabwe. Keywords: Pyrometallurgy, ferrochrome, smelting, investment, Zimbabwe. Abstract – Four smelting plants...

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Mining Markets in Southern Africa - Export… pdf

Southern Africa has proven reserves approaching $5 Trillion in value, with approximately 3,000 active registered mines. ia exporters in the mining equipment, consumables and services sectors can benefit from this large market through the services of the ia Economic Development Partnership. This market...

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The Mineral Industry of Zimbabwe in 2013 - USGS Mineral… pdf

Act, 1978], state-owned Minerals Marketing Corp. of Zimbabwe. (MMCZ) officially marketed much of the mineral production of. Zimbabwe, excluding PGMs. Mining companies that produced. PGMs shipped their concentrates and smelter matte directly to processing facilities in South Africa. Mining royalties, which were based...

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Oman's Gulf Mining to be First Ferrochrome…

6 Jun 2012 ... Kanwal Gambhir, CEO of Gulf Mining, said that the chrome ore for the smelter will be primarily sourced from the company's mines in Samayil, ... grade chromite ores started to be exported only in recent years as response to rising demand from China and general shortages of ferrochrome worldwide.

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Chinese involvement in extractives in South Africa | Open…

4 Oct 2012 ... It is the only country in Africa to invest in China, and it is well known that many of South Africa's advanced technologies (such as liquid fuel from coal and ..... Sinosteel owns 50 percent of the Tweefontein chrome mine and Tubatse ferrochrome smelter, based on an initial investment of US$230 million in the...

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Australian firm gets 70 percent stake in chrome…

7 Jan 2014 ... HARARE, January 7 (The Source) – An Australasian-based exploration and resource development company, TPL Corporation on Tuesday said it has received a licence from the Zimbabwe Investment Authority to take a 70 percent stake in chrome mine, African Chrome Fields (ACF). ACF owns around 150...

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EDITORIAL COMMENT: Thorough investigation needed in Zimasco…

18 Apr 2017 ... Zimbabwe Mining and Smelting Company (Zimasco) in Kwekwe . We received with utmost dismay news that ... With the bulk of the chrome deposits in the hands of a minority, hundreds of locals aspiring to invest in activities to mine the metal had no chance of doing so. Midlands Minister of State Cde Jason...

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Council for promoting South-South Cooperation delegation…

25 May 2015 ... Chinese Ambassador to Zimbabwe Mr. LIN Lin, Economic and Commercial Councilor of Chinese Embassy to Zimbabwe Mr. LI Yaohui, Finance Minister Patrick ... and Private Sectors, which gave the delegation some ideas on the investment climate and operation of Chinese Companies in Zimbabwe.

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Kermas Holding | Mining - Kermas group

Kermas Limited is an international investment corporation, which operates its own assets through a range of daughter companies. Kermas operates in 11 ... of mining operations. At present, Kermas is leading its mining operations through several companies, located in South Africa, Turkey, Germany, Zimbabwe and Burundi.

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