As the 2019 International Chromium Development Association Conference (ICDA) came to an end, participants applauded Zimbabwe’s successful re-entry into the global chromium market as evidenced by a significant surge in ferrochrome output in 2018.
The 2019 ICDA, the first to be graced by a head of state, ended on a positive note with the global chromium industry bullish that Zimbabwe’s chrome industry will never be the same again.
The gathering which attracted 240 policy makers, mining experts, investors and researchers, was hailed for setting the tone for the resurgence of Zimbabwe’s chromium industry.
According to the participants, Zimbabwe, which holds the world’s second largest chrome resource, is on course to make significant contribution to the global chromium output on the back of recapitalisation of existing operations and improving operating environment.
“It is pleasing that Zimbabwe has successfully re-entered the global chromium market with 84% growth in ore output last year,” said one of the participants at the ICDA.
Mines and Mining Development Minister, Winston Chitando is convinced that the ICDA has brought change to the Zimbabwe’s chromium industry and is confident the country will emerge as a key player in the global chromium market.
“I can assure you that Zimbabwe’s chrome industry will never be the same again. We are certainly poised to register substantial growth,” said Minister Chitando.
Zimbabwe Mining and Smelting Company (ZIMASCO) General Manager, Clara Sadomba said going forward, Zimbabwe should work on increasing investment in exploration and efficient technologies in order to increase output.
The growing use of ferrochrome as a source of chromium in stainless steel production in countries such as China and the United States of America (USA) is expected to drive market growth.