• The private company has 525 hectare of iron ore deposits

• Exploration done has shown iron ore range from Fe 52% to Fe 47%.
• Established resource shows about 260million tonnes consolidation is in progress to raise the potential of the resource to a billion tonnes.

• Steelmakers the adjacent neighbour is already mining and well established.
• Beneficiation to upgrade the ore to required levels will be necessary.
• There is well established rail,road,water and electricity network.
• Although exploration has been done ,the company is looking at an investor to come up with further work on the resource and finances to fund the Fe ore mining operations. Funds put in will form part of the investors shareholding in the Joint Venture company.
• Capital injection required is approximately USD$1,000,000.00

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Category Iron Ore Partnerships Added Dec 13, 2016 Location Chiredzi Views 970 Rating
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