Chrome industry affected by sanctions: Muzenda

Zimbabwe’s chrome industry, which is currently contributing less than 3% to global output, has potential to grow if key constraints to accessing favourable export markets are removed, an official has said.

Speaking at a business meeting in Bulawayo recently, Minerals Marketing Corporation of Zimbabwe (MMCZ) general manager Tongai Muzenda said the chrome industry was being affected by sanctions, restricted payment terms, poor road and rail infrastructure, foreign currency shortages and logistics challenges, among others.

“With 12% of the global chromite resources and its chrome ore and ferrochrome production currently contributing less than 3% to global output, the Zimbabwean chrome ore industry has significant potential to grow in the next few years,” Muzenda said.

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