Chinese Tsingshan to Build Steel Plant in Zimbabwe
Local media reported that Chinese steel maker Tsingshan Group Holdings’s subsidiary Dinson Iron and Steel is set to build a steel plant
04 Aug, 2021, 3:37 am
Local media reported that Chinese steel maker Tsingshan Group Holdings’s subsidiary Dinson Iron and Steel is set to build a steel plant that at an investment of USD 1 billion with annual capacity of 1.2 million tonnes. The proposed project includes development of iron ore mine as well as furnaces or producing ferrochrome. The epicentre of the multi-million-dollar project is around the mountainous Manhize escarpment which forms the border with Mashonaland West and slightly protruding into Chirumhanzu but with its backbone in the Chikomba District, within an area under the traditional jurisdiction of Mambo Nyoka of the Museyamwa lineage.