Confederation Ferro Alloys Industries of Zimbabwe says the chrome industry has the potential to realise US$100 million in revenue if power tariffs are addressed to ensure viability.Stakeholders in the chrome industry converged in the capital to deliberate on challenges facing the sector ranging from unavailability of capital to exorbitant tariffs.
In an interview with ZBC News, Confederation Ferro Alloys Industries of Zimbabwe spokesperson, Mr Magofa Gwizo said the industry has the potential to earn US$100 million in revenue each year but uncompetitive power tariffs are hampering the growth of the sector.
The organisation was formed after realisation that the sector had not been receiving the envisaged representation and recognition on policy issues with government.
Chrome mining has been a topical issue in recent weeks following the imposition of the ban in the exportation of raw chrome by government after reports of abuse of by some miners.
Government has reiterated that there is no going back on its policy position, a move that will pave the way for miners to embark on value-addition.