Government has launched a multimillion dollar project at Zisco that will earn the country foreign currency and create the much needed employment that can stimulate economic activity in Redcliff.
It was a refreshing moment for Redcliff residents who witnessed a ground breaking ceremony by Zimcoke company which will inject $133 million to resuscitate Zisco’s coke plant creating employment for more than 500 and generating $65 million from export earnings.
Dr Mike Bimha, the Industry and Commerce Minister expressed joy in launching the project which he said will not only create jobs and benefit numerous downstream industries but will also see the restoration of reliable water supply in Redcliff.
He urged the province to take pride in this investment which has a positive ripple effect on other key economic areas such as chemical processing and road making.
Dr William Moore, the Zimcoke CEO explained the impact the investment will have on the country.
The company has already started employing former Zisco Steel employees with prospects being when operating at full throttle more than 500 people will be directly employed while thousands others will be employed in downstream industries.
Zimcoke bought coke making assets of Zisco Steel which include machinery, land, buildings and associated infrastructure of coke handling.