The Construction of the US$1 billion investment project that is estimated to give an annual turnover of US$1.5 billion is 40 percent complete.

Subhrakant Panda, MD of Indian Metals and Ferro Alloys said the company's balance sheet position remains strong with cash on books at about ?350 crore.

Jubilee Metals reported tolling agreements to February 2027, while construction of a second processor module was on course for completion later this year.

The European benchmark ferrochrome price for the second quarter of this year has been settled at $1.52/lb, 5.6% up on the first three months of 2024, Merafe Resources informed shareholders on Monday, March 25.

President Mnangagwa is expected to conduct a tour of the US$1,5 billion Dinson Iron and Steel Plant in the Manhize area near Mvuma in Midlands Province today to gain an appreciation of the massive project, which is nearing completion.

Dinson is building a 100MW solar plant at its ferrochrome smelting plant in Selous, another 100MW station at Manhize powered by wind energy and 70MW to be produced from waste heat generated at the iron and steel plant.

Ferrochrome and chrome company Merafe achieved a record profit of R1,753-million despite what it describes as a challenging economic environment in the 12 months to December 31.

Oman - Country Commercial Guide Mining and Minerals Overview