Industry Dynamics

According to an official in Zimbabwe, Zimbabwe's chrome industry is likely to achieve further growth if the Zimbabwean government can take steps to eliminate restrictions on entry into the export market.

Research by INVICTUS Energy Ltd. (IEL), a UK-based company, indicates that the company's exploration area may have1,3 billion barrels of oil-equivalent, which consists of 200 million barrels of condensate.

CSC, a state-owned beef processing company in Zimbabwe, and the British company Boustead Beef (International Beef Processing Company) said that they will continue to establish strategic partnerships with Econet's subsidiary, Distributed Power Africa (DPA), to invest in large-scal...

The Zimbabwe's government announced a serious power shortage. Due to the drop in water levels, Kariba Dam, the country's main power plant, may face production shutdowns in weeks.

In the 1990s, the number of beef cattle in Zimbabwe exceeded 1.4 million, and it was exported annually to the lucrative European market, especially the United Kingdom, Germany and the Netherlands, with exports of US$50 million.

Experts in the industry said Zimbabwe is preparing to significantly increase chromite exports from this year due to strong growth in chromite ore and ferro-chrome production.

China intends to import more agricultural products from Zimbabwe. It is reported that China not only imports the bulk of the country's tobacco, but also is interested in horticultural products such as citrus fruits, tomatoes and avocadoes, among other commodities.

The $62 million platinum smelter is the first in the country and part of President Emmerson Mnangagwa's plan to strengthen the country's mining industry.

Lithium is known as "white oil" and is an essential component in the production of high-tech equipment and electric vehicle batteries. The surge in global demand for electric vehicles and batteries has driven demand for minerals such as lithium, graphite, cobalt and copper.