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The mining project is expected to be the biggest supplier of coke batteries for steel manufacturing projects in Zimbabwe as well as chrome smelting operations dotted around the country.
In a report issued early this month, CHP chief executive officer Carl Esprey said the completion of the plant would enable the company to achieve a higher production of coke.
In a statement, Contango revealed that the latest development followed site visits and a preliminary analysis of a 50kg sample of Muchesu-washed coking-coal.