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Saturday, May 25, 2024

Nickel production firms to anchor US$12 billion mining vision

Story by Theophilus Chuma

NICKEL production is set to rally to record levels nearing 10 000 tonnes per year within the next two years buoyed by projected growth of production at Trojan Nickel Corporation.

The positive trajectory recorded at the country’s largest nickel firm, Trojan Nickel Corporation since hitting record levels above 7 000 tonnes in 2021, is expected to firm within the next two years supported by increased life of mine and massive deposits at new the Kingston Hill site.

The firm projects a jump by a further 3 000 tonnes on the current production, according to managing director, Mr Thomas Lusiyano.

“Effectively this will provide further impetus to the country’s nickel concentrate export capacity against a global demand for the product. The firm is pivoting for rapid growth anchored by this positive outlook which in turn will assist to feed into the broader vision to revive its base refinery to boost value addition of the product,” he said.

The firm is also exploring partnerships with foreign firms for off take arrangements on nickel alloy one of the major growth strategies being pursued under its parent company, Kuvimba Mining House Limited.

Group chief executive officer Mr Simbarashe Chinyemba notes the anticipated growth at Trojan and seven other mining houses under their wings will be critical to support the US$12 billion mining economy target.

Apart from the massive transformation expected at Trojan, rapid growth is also anticipated across the gold and platinum portfolio’s and the revival of Zimalloys to bolster the growth of the country’s mining sector.

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