Dorowa Minerals, a primary  producer of phosphate concentrates in Zimbabwe, plans to diversify into magnetite production to boost its revenue base, an official has said.

Magnetite is a rock mineral and one of the main iron ores which has  several domestic and industrial uses including separating coal from  waste, while for domestic purposes it can be transformed and used as magnetic decor for refrigerator doors.

Dorowa Minerals general manager Charles Mangadze told New Ziana that  the company was sitting on about 26 million tonnes of iron, the ore that contains the mineral magnetite.

“Besides phosphate which is used in the fertiliser chain, we also  produce a mineral called magnetite, we produce it as a by-product but of  late it is now no-longer a by-product because there are so many  customers that are willing to take our magnetite,” he said.

“We have got plans to expand the current magnetite circuit. Initially  it was not one of our main products but now that we have got so much  demand we actually have a project that is running right now which we  expect to complete by mid-2020 (that is), the expansion of the magnetite  production line.”

Mangadze said the burgeoning demand was emanating from Mozambican coal  companies as well as local ones.

“We currently are producing about 2 000 tonnes per month which is not  meeting the demand so we want to expand our plant so that we can produce  up to 8 000 tonnes per month, the current customers have come to us wanting magnetite of around 12 000 tonnes per month,” he said.

To expand the magnetite production line, Mangadze said Dorowa would  require around US$1,8 to US$2 million.

Meanwhile, Mangadze said Dorowa was facing several operational  challenges including power and fuel shortages.

He said the company, which operates 24 hours daily, required about 4 000 to 5 000 litres of fuel per day for operations.

He said the company was working on securing adequate electricity and fuel supplies.

“Currently we are losing 9 to 10 hours of production every day (due to power outages). We recently signed a contract with Zesa to pay (for electricity) in forex and they promised us that we will be ring-fenced  but we are still losing power but not as much as domestic consumers,” he  said.

“We are looking at other sources (of electricity), our plant is a 4- megawatt plant, right now we have got proposals for a solar plant that  we are looking at.”

Dorowa Minerals is the only phosphate miner in Zimbabwe which, is wholly  owned by the Industrial Development Corporation.

The phosphate concentrates are a crucial raw material in the production  of fertilisers and other agro-chemical products produced by companies  that include Zimphos, Sable Chemicals and the Zimbabwe Fertiliser Company, all sister companies of Dorowa Minerals under the Industrial Development Corporation stable. – New Ziana.

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