President Emmerson Mnangagwa has called on the Ministry of Mines and Mining Development to explore the production of stainless steel in the country in order to maximise benefits from the country’s mineral resources.
Speaking at the signing of a MOU on ferrochrome production by Sinosteel in Harare, the President said Zimbabwe has the necessary ingredients for stainless steel production and it is high time the mining industry looked at exploring the metal.
Stainless steel is an alloy made up of iron mixed with carbon then elements like chromium are added to make it resistant to rust.
Mines and Mining Development Minister Cde Winston Chitando hailed the Sinosteel –Zimbabwe MOU as a major milestone in the revival of ferrochrome production which makes the product competitive on the international market.
The signing of the MOU is a milestone in meeting the vision of the new dispensation towards job creation and growing the economy.