Afrochine makes US$1,5bn fresh move

A CHINESE resources giant has secured exclusive rights to establish an integrated chrome mining and processing operation in Chivhu, giving Zimbabwe fresh impetus to achieve an ambitious plan to attain a US$12 billion mining industry by 2023, NewsDay Business has learnt.

Afrochine Smelting, which has a huge presence on Zimbabwe’s chrome fields, on Friday said the operation would sit on 2 000 hectares of land.

This will comprise a 1,5 kilometre long and 600 metre wide processing plant and mines.

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