Zimbabwean President Robert Mugabe President of Zimbabwe has visited the Kwekwe district of the country and expressed his anxiety regarding the suspension of operations at both Zimasco and Ziscosteel.
Mr Mugabe has instructed officials to commence measures leading to the resumption of operations in April. Zimasco has stocked 70,000 tonnes of chrome ore and said that, as soon as the world market of ferrochrome has recovered, the Kwekwe plant will resume producing ferrochrome.
Although it is not known when either Zimasco or Ziscosteel suspended their operations, the government said that these shutdowns are due to sanctions imposed by western world and the recession in the world economy from the autumn of 2008.
Zimbabwe has also been suffering from a serious shortage of electric power for a long time and this has had a negative impact on the production of ferrochrome, nickel, platinum and steel, which are major industries in the country.
Source: Steel Guru
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