HARARE – Zimbabwe will next month host players in the international chrome industry at a major conference on chrome mining to be held in the resort town of Victoria Falls.
Concentrated mainly along the Great Dyke, Zimbabwe’s chrome deposits are the second largest in the world after South Africa.
Chrome is one of the country’s main mineral exports, earning Zimbabwe millions in export proceeds annually.
Information, Publicity and Broadcasting Services Minister Monica Mutsvangwa said the conference, dubbed, the International Chromium Development Conference would be held early next month.
She said it would be held under the auspices of the International Chromium Development Association.
“The conference which is due to be held at the Elephant Hills resort in Victoria Falls will attract more than 200 international delegates from mining and related sectors,” she said.
“The decision the International Chromium Development Association for Zimbabwe to host this prestigious conference underscores Zimbabwe’s rising importance in the chromium industry.
“The event will provide a great opportunity for promotion of the country’s rich mineral resource endowment thereby attracting investment inflows into this very important sector.”
Expanding on the upcoming conference, Mines and Mining Development Minister Winston Chitando said the event would be attended by producers, customers and financiers in the chrome sector.
“Zimbabwe holds 12 percent of the world’s chromite resource, but at the moment based on 2018 figures it only produced 2.5 percent of the world’s ferrochrome which obviously points to the fact that there is a lot of potential for Zimbabwe to upscale its ferrochrome production and that is precisely what government is endeavoring to do,” he said.
“It (the conference) will enable other producers, the customers and financiers to be able to be exposed to the Zimbabwean mining space.
“We believe that this will increase the appetite for the inflow of capital which is required in the ferrochrome industry.” – New Ziana