Tuesday, August 25, 2009

Ferroalloys Corp To Invest US$30mn In Zambia Plant

Ferro Alloys Corporation Limited has invested 30 million U.S dollars in setting up a Manganese plant in Kabwe, Zambia.

Company Managing Director, Rajnish Gupta says the plant will be producing 200 tones of ferro-manganese, a component used in the manufacturing of steel.

He was speaking when Zambia's Commerce Minister, Felix Mutati, toured the project site in Kabwe.

And Mr. Mutati said government will continue providing incentives to encourage companies to invest in Zambia.

Source: ZNBC

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