NewZim Steel

By Dumisani Ndlela The fiasco at the Zimbabwe Iron and Steel Company (Zisco, or Ziscosteel) is not an enviable one. For a project that was celebrated as the biggest, post-independence transaction marking Zimbabwe’s turn into an…
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By Shame Makoshori Global steel giants have begun moves to court the troubled Zimbabwe Iron and Steel Company (Zisco), only a few months after rumours of a possible pull out by Indian outfit, Essar Africa Holdings Limited (EAHL), began…
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An Indian investor has pulled out of the Zimbabwe Iron and Steel Company (Zisco) and stopped engagement with government on the planned revival of the Redcliff-based steel producer due to complications involving the steel-maker’s global…
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ESSAR Holdings is allegedly trying to wean Redcliff Municipality off their joint treated water account by requesting to be billed separately. The steel conglomerate which snapped up a majority stake in New Zimsteel (formerly Ziscosteel)…
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Essar Holdings has agreed to immediately inject money into Lancashire Steel and production is expected within the next six months, deputy Minister of Industry and Commerce Chiratidzo Mabuwa has said. Lancaster Steel is a subsidiary of…
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The Zimbabwean government and Essar Africa Holdings have agreed on the commencement of operations under Phase One of the NewZim Steel project which will see the injection of US$650 million.
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