Tianci International announced the establishment of an indirect wholly-owned subsidiary in Zimbabwe, RIDGCORE RESOURCES (PRIVATE) LIMITED, to serve as its local operating entity for the mineral products business. This strategic move is designed to enhance local procurement, warehousing, and logistics capabilities to support the expansion of its chromium ore trading business.
Key Details
- New Entity: Formed RIDGCORE RESOURCES (PRIVATE) LIMITED to manage local operations, including warehouse facilities and logistics coordination.
- Warehouse Development: The subsidiary is advancing the lease of approximately 3 hectares (30,000 square meters) of land for its first-phase warehouse, which is expected to have a dynamic storage capacity of 50,000 metric tons.
- Supply Chain Goal: The company aims to add approximately 5,000 metric tons of monthly supply capacity, with a target to increase its total monthly chromium ore supply to over 10,000 metric tons.