[SMM Chromium Flash] $108m in Investment Zimbabwe's Midlands Province, With Captive Power Targeting Ferrochrome Smelters

Published: Sep 8, 2026 15:32

Save

Zimbabwe's Midlands Province attracted US$108 million in investment during the second quarter of 2026, spanning cement, fertiliser and energy projects, according to Minister of State for Midlands Provincial Affairs and Devolution Owen Ncube, speaking at a business conference in Gweru. Ncube said the inflows, drawn from both domestic and foreign investors, reflect the province turning mineral wealth into factories, jobs and power rather than continuing to export raw materials, framing the investment within Zimbabwe's Vision 2030 industrialization agenda.

The energy component of the package is the most directly relevant to the chrome sector: new captive solar and thermal power plants are being built specifically to supply high-energy industrial consumers, with ferrochrome processing plants singled out as a priority beneficiary. Midlands hosts several of Zimbabwe's major ferrochrome producers, and unreliable, costly grid power has been a persistent constraint on smelter operations nationally. Ncube said the new capacity is intended to give manufacturers fewer outages, lower costs and the ability to plan production around a consistent energy supply, addressing what he described as one of industrialization's longstanding bottlenecks.

The energy and ferrochrome angle sat alongside a broader beneficiation narrative in the announcement, with Ncube also citing Dinson Iron and Steel's investment in Manhize and lithium processing commitments from Zheli Lithium and Sandawana Mines in Chirumanzu, Zvishavane and Mberengwa as evidence of the province moving up the value chain. Investors quoted at the conference, including businessman Dr. Tinashe Manzungu, pointed to policy consistency and political stability, including the Presidential assent to Constitutional Amendment Act Number 3 of 2026, as key factors underpinning the inflows, with Manzungu suggesting the current environment could support a further US$500 million in investment. The ministerial announcement did not break out how much of the US$108 million was allocated specifically to ferrochrome-related power capacity versus the province's other cement and fertilizer projects, leaving the scale of the direct benefit to smelters still to be clarified as individual projects come online.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

49 mins ago

[SMM Chromium Flash] Zimbabwe's Artisanal Mining Deadline Extension Comes as Chrome Features in Fresh Smuggling Count

Zimbabwe's Ministry of Mines and Mining Development has granted small and medium-scale miners a final extension to December 31, 2026, to regularize their operations, moving the compliance cut-off from an original August 30 deadline after a request from the Zimbabwe Miners Federation. The government has stated explicitly that no further extension will be considered. Regularization requires operators to hold valid title, settle outstanding obligations to the state, and comply with environmental and safety rules attached to a claim, addressing a longstanding gap in which many small-scale operators work ground they do not formally hold. The extension landed in the same week Parliament was told that 18 suspected cases of mineral smuggling and irregular movement had been recorded between January and August 2026, totaling 2,658.88 tonnes of material, with lithium, chrome and silica dominating the tonnage. MP Bridget Nyandoro described mineral leakage as a matter of national economic security and called for stiffer penalties alongside a fully traceable, AI-supported mine-to-market tracking system. She noted the figures represent only detected cases rather than an estimate of total leakage. The Zimbabwe Artisanal Miners Association had pushed for a longer runway, requesting an extension to February 28, 2027, and warning that a deadline arriving faster than the paperwork could allow could push operators back into informality rather than draw them into the formal system. The ministry granted four months rather than the six requested, leaving the same shortage of registration capacity that contributed to the original deadline being missed. With small-scale and artisanal operations forming a substantial share of Zimbabwe's mineral output, including chrome, how many operations achieve registration between now and December will serve as the clearest test of whether the extension succeeds where the original deadline did not.

49 mins ago

52 mins ago

DRC Expands State Control Over Geological Data as Critical-Minerals Mapping Accelerates

[SMM Flash] The Democratic Republic of Congo is strengthening state control over geological information as it develops a national databank covering critical minerals including tantalum, cobalt, copper, lithium and gold. The country’s geological survey told Reuters that systematic exploration currently covers only about 20% of the DRC, while a US$180 million airborne mapping programme with Spain’s Xcalibur is surveying more than 700,000 km². The national geological databank is expected to become fully operational by the end of 2026. Basic geological information is expected to remain freely accessible, while more sensitive datasets will be subject to controlled, fee-based access. The initiative does not change current coltan production directly, but improved geological intelligence could influence where future tantalum exploration capital is deployed and strengthen Kinshasa’s negotiating position over new discoveries. The impact on actual supply will depend on whether mapped targets proceed through exploration, financing and mine development.

52 mins ago

2 hours ago

ADC12 spot prices consolidate on a strong note; futures prices open lower and rebound [ADC12 Price Daily Review]

[ADC12 Price Daily Review: ADC12 spot consolidates on a strong note, futures rebound after opening lower] Today, ADC12 market quotes consolidated on a strong note overall. The SMM ADC12 price rose by 50 yuan/mt from the previous day to 24,350 yuan/mt.

2 hours ago