Chinese investor Mortal Investments Manufacturing Company, is to set up a $10 million cement plant in Redcliff, Zimbabwe.
Mortal Investments, which is acting in partnership with a consortium of local business people, has purchased 100,000 square metres of land for $600 000.
Redcliff Mayor Clr Freddy Kapuya said the company will use slag, a by-product of Ziscosteel, from smelted iron ore.
Kapuya said work on the construction of the new plant will commence soon.
“Ninety-five percent of cement is made from slag and we have millions of tonnes in Zisco since it is a by-product of iron ore smelting.
Kapuya said the company is 75 percent locally owned while the remainder is owned by Chinese investors.