admin2008 due to lack of capital, but resumed operations last year. Zim Alloys production manager Mr Jabulani Chirasha said monthly output now stood at 600 metric tonnes.
He said the capital injection was used to upgrade plant machinery.
“We have an operation going on where we are recovering metal from waste products. It is an easy process that does not require all the raw materials. Shareholders realised that it is a quick win, they are giving us very good support.
“We are making some progress compared to last year. We have increased production from 300 to 600 metric tonnes in the last three months,” he said.
He added that the company is targeting to increase production to 2 000 tonnes per month by the end of the year. Mr Chirasha said the firm was still engaging potential partners to inject funds into the company.
“We are now in a better position in terms of investors since there is a lot of interest. We have inquiries from countries like Russia, China, Ukraine, India and shareholders are at an advanced stage finalising (potential deals with investors),” he said.
Online Reporter