US$1,5 Billion Dinson Mine Commences Operations April

The Dinson Iron and Steel plant which is nearing completion in Manhize

Blessings Chidakwa Herald Reporter

The first phase of the new giant steelworks at Manhize, the result of a US$1,5 billion investment by Dinson Iron and Steel Company (Disco) taking advantage of the Second Republic’s investment climate, is scheduled to start operations in April. The opening moves Zimbabwe into position as a steel manufacturing giant, expanding the mining industry as all raw materials are mined locally, the iron ore very close to Manhize, and creating thousands of new jobs at the expanding steelworks and in downstream heavy industry with Zimbabwean industrialists tapping local steel. Barely a few years ago, Zimbabwe had a US$2 billion a year mining industry but now it is surpassing its initial US$12 billion target through opening of new mines with Disco joining the lithium and platinum sectors and expanding mines in other sectors. Also, under the Second Republic, old mines which had shut, are being reopened, giving impetus to the attainment of an empowered upper-middle income economy by 2030. Barely two years ago, President Mnangagwa performed a ground breaking ceremony at Disco, but as of last Friday the plant stood at 95 percent ready for commissioning. A subsidiary of Chinese iron and steel giant Tsingshan Holdings, the Disco plant started taking shape in June 2022, when preliminary works started on the site. ReadMore