The Moti Group

In the Press

In the Press/26/07/2018

Zimbabwe: Mnangagwa Commissions Chrome Mining Plant

Kwekwe — President Emmerson Mnangagwa has commissioned a new aluminothermic plant at African Chrome Fields (ACF), about 60 km form Kwekwe.

Majority owned by the Moti Group of South African and the local Sakunda Holdings (Pvt) Limited who are the minority shareholders, ACF has since …

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Moti Group in Talks on South African Steel Deal to Double Output

Moti Group is in talks to buy a steel business in South Africa that would potentially double the mining and industrial conglomerate’s production.

The deal would increase Moti’s steel manufacturing volumes to 800,000 metric tons a year, according to Chairman Zunaid Moti. The transaction may be completed in the next two months, he said in an interview at the company’s African Chrome …

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Mnangagwa launches hightech ferrochrome plant

PRESIDENT Emmerson Mnangagwa yesterday launched one of the country’s most advanced technological chrome processing plants as the new administration continues to launch multi-million dollar projects to give a new impetus to the economy.

The President switched on the Aluminothermic Plant, owned by African Chrome Fields (ACF) in Chinyika, Kwekwe, marking the dawn of a new ara in …

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Zimbabwe celebrates first chrome beneficiation

Zimbabwe’s biggest chrome miner, African Chrome Fields, has launched its state-of-the-art aluminothermic plant which will create new jobs and initially produce 300 tpm of Ultra Low Carbon High Grade Ferrochrome, or ULCHGFeCr.

Once in …

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Chrome Fields expansion shows confidence in Zim, says Mnangagwa

The new aluminothermic plant launched by Zimbabwe’s largest chrome miner African Chrome Fields showed that investors had confidence in the country.

These were the words from President Emmerson Mnangagwa, who attended the launch on Wednesday, and who has launched several investment projects ahead of next Monday’s election.

African Chrome Fields was talking to foreign investors …

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President commissions African Chrome Fields Aluminothermic Plant

President Emmerson Mnangagwa has commissioned the African Chrome Fields Aluminothermic Plant in Kwekwe, a move meant to boost the country’s foreign currency earnings through exportation of chrome.

Addressing thousands gathered at Chenyika Ranch, Midlands Province, the President said each time he does a ground breaking or commissioning of a project, it simply means creation of …

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Dawn of a new chrome mining era

PRESIDENT Mnangagwa yesterday launched one of the country’s most advanced technological chrome processing plants as the new administration continues to launch multi-million dollar projects to give a new impetus to the economy.

The President switched on the Aluminothermic Plant, owned by African Chrome Fields (ACF) in Chinyika, Kwekwe, marking the dawn of a new era in chrome mining in …

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African Chrome Fields Talks Expansion with Foreign Investors

Zimbabwe-based African Chrome Fields is reportedly in talks with “two or three” potential foreign investors regarding an equity sale. If a deal is reached the African chrome producer would use the capital to expand operations and further production.

Moti Group, the majority stakeholder in Africa’s largest chrome mining company, has asserted African Chrome …

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In the Press/25/07/2018

Zimbabwe’s African Chrome Fields eyes equity sale to fund expansion

By MacDonald Dzirutwe

KWEKWE, Zimbabwe, July 25 (Reuters) – Zimbabwe’s largest chrome miner African Chrome Fields (ACF) is talking to foreign investors about an equity sale to help fund expansion but will ensure the firm’s two main partners retain control, the majority shareholder said on Wednesday.

The chairman of Moti Group, which has a majority stake in ACF, …

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