News / National
No chrome ore should be exported: Tsvangirai
31 Jul 2011 at 15:36hrs | Views
Prime Minister Morgan Tsvangirai says no chrome ore should be allowed out of Zimbabwean borders, saying the future of Zimbabwe lied in exporting finished products.
Tsvangirai said this during his tour of Kwekwe city to assess the city's business and social amenities. He was speaking during a tour of Oliken Ferro-Alloys Private Limited, an engineering and chrome –smelting company owned by an indigenous businessman, Oliver Rugube, Radio VOP reported.
Tsvangirai said if Zimbabwe is able to exploit these resources and process them, more employment opportunities will be created and the country will get more value and would be in a much better position than it has been.
"There are some people exporting raw chrome to China, this is a serious disadvantage. Exporting raw chrome does not bring money, the money is on the second and third processes where we are able to refine and sell the finished products," Tsvangirai said.
Tsvangirai said the small scale miners would be protected.
Tsvangirai who described the Midlands province as the country's economic engine, also disclosed that the long awaited conclusion of the deal between steel manufacturer, ZISCO and Essar Holdings will be concluded next Monday. He expressed his optimism that this would mark the beginning of the revival of ZISCO, the country's sole producer of steel.
Tsvangirai said this during his tour of Kwekwe city to assess the city's business and social amenities. He was speaking during a tour of Oliken Ferro-Alloys Private Limited, an engineering and chrome –smelting company owned by an indigenous businessman, Oliver Rugube, Radio VOP reported.
Tsvangirai said if Zimbabwe is able to exploit these resources and process them, more employment opportunities will be created and the country will get more value and would be in a much better position than it has been.
"There are some people exporting raw chrome to China, this is a serious disadvantage. Exporting raw chrome does not bring money, the money is on the second and third processes where we are able to refine and sell the finished products," Tsvangirai said.
Tsvangirai said the small scale miners would be protected.
Tsvangirai who described the Midlands province as the country's economic engine, also disclosed that the long awaited conclusion of the deal between steel manufacturer, ZISCO and Essar Holdings will be concluded next Monday. He expressed his optimism that this would mark the beginning of the revival of ZISCO, the country's sole producer of steel.
Source - Radio VOP
