- Write by:
-
Thursday, June 20, 2024 - 16:58:23
-
35 Visit
-
Print
China’s nickel giant Tsingshan Holding Group has started production at its $1 billion steel plant in central Zimbabwe, a company official said on Thursday.
Tsingshan’s Dinson Iron and Steel Company will produce 600,000 metric tons of carbon steel annually during the first phase of its operations, project director Wilfred Motsi told reporters during a tour of the plant.
“We have started to produce pig iron, which is a raw material used for the production of steel. By July, that’s when we will start to produce the actual carbon steel,” Motsi said.
He did not say how long the first phase would last.
Tsingshan, one of the world’s leading nickel producers, has made significant investments in Zimbabwe in recent years. Apart from the steel plant, Tsingshan also has ferrochrome, coking coal and lithium mining businesses in the southern African country.
The company has also built a 50 megawatt thermal power plant at Dinson. The steel plant will generate additional power through gas produced by its furnace, to meet 20% of its electricity needs.
The company also plans to build a solar power plant to reduce the impact of Zimbabwe’s electricity shortages on its operations.
Short Link:
https://www.miningnews.ir/En/News/628605
China’s Tsingshan, the world’s biggest nickel producer, is planning to register 50,000 metric tons capacity of nickel ...
China’s Tsingshan, the world’s biggest nickel producer, is planning to register 50,000 metric tons capacity of nickel ...
Mining News Pro - Achieving the desired quality in products requires quality production in each of the production ...
US Steel Corp and Japan’s Nippon Steel have received all regulatory approvals outside of the United States for their ...
Iron ore futures prices slid on Monday after some investors and traders liquidated long positions to cash in profits on ...
Mining News Pro - Hormozgan Steel Company CEO said: “Hormozgan Steel Company managed to produce more than 161,000 tons ...
Shares of BHP Group touched a three-month high on Tuesday about 36 hours ahead of a deadline to lodge a formal bid for ...
Japanese steelmakers have raised concerns with Australian authorities that BHP Group could become too dominant in the ...
Japanese steelmakers have raised concerns with Australian authorities that BHP Group could become too dominant in the ...
No comments have been posted yet ...