Zimalloys

Zimbabwe Alloys Ltd has appealed the High Court judgment stopping the local ferrochrome producer from terminating the $90 million take-over bid by an Indian firm, Balasore Alloys as the tussle over the ownership of the mining concern turns…
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Gweru-based giant ferrochrome producer, Zimbabwe Alloys (ZimAlloys), is set to double its production capacity and diversify to low carbon ferrochrome after securing a $100 million investment from Balasore Alloys Group of India.
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An Indian investor is set to inject $100 million into ferrochrome producer, ZimAlloys under an equity structure secured by judicial manager Grant Thornton and Camelsa.
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ZIMASCO is to release a further 1 000 hectares (ha) of chrome claims to government after failing to comply with a State directive last year to cede half of its 49 000ha resource to the State, official reports indicated this week. The…
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Two foreign firms from South Africa and India are eyeing a significant stake in the country’s second largest ferrochrome producer, Zimbabwe Alloys (ZimAlloys). ZimAlloys has been searching for investors to inject cash in its…
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Despite government’s intention of compulsorily acquiring 22 000 hectares (ha) of land claims from ferrochrome producer, Zimbabwe Alloys (ZimAlloys), the former Anglo American subsidiary is scouting for a new investor. In a notice…
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By Golden Sibanda Government says it will prescribe deadlines for chrome mining companies to release unutilised reserves this year with a target to reclaim 40 000 hectares of chrome-rich idle ground. Mines and Mining Development…
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Finance minister Patrick Chinamasa has been named the top official to officially open this year’s edition of the Gweru Agricultural Show where his daunting task will be to explain what Government is doing to revive collapsed and battling…
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