Zimbabwe is on course to establish value addition and beneficiation processes across the value chain management of ferrochrome mining, starting with the Midlands Province where the mineral is in abundance.
There are indications that preliminary groundwork and pre-feasibility studies for the setting up of a value addition plant for chrome in Zimbabwe are underway.
Economic analysts view value addition of the mineral as the way to go for the country seeking improved foreign direct investments (FDIs), as well as improved industrial activities.
“Value addition of chrome has got many downstream economic benefits and will move Zimbabwe from being a primary producer economy to a secondary and finished product producer,” noted Mr Thomas Gono, a mining expert.
“Value addition of ferrochrome will positively impact on the nation and will dovetail well with the current government’s efforts to resuscitate the economy through social and economic transformation of Zimbabweans,” Zimbabwe Miners Federation CEO, Mr Wellington Takavarasha said.
According to the analysts, developing a growth path strategy premised on value addition can fast track the country’s economic growth as well as uplift the socio and economic well being of citizens.