01
Oct
10:49
Zimbabwe’s SIMBI to hike DRI, sections capacity
Zimbabwe-based Sponge Iron Mining and Beneficiation Industries (SIMBI) is planning to invest $130 million in three phases to expand both its steelmaking and direct reduced iron production. The phases will be commissioned gradually until full operation by end-2023, Kallanish notes.
Masvingo-based SIMBI, a subsidiary of Zimbabwe’s Steelmakers Ltd. will following the investment ramp up its DRI production to 165,000 tonnes/year from 30,000 t/y.
In addition…
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