Zimasco resumes production, to commission two new furnaces

Must Try

Trending

Kwekwe based ferrochrome producer Zimasco has resumed production after a two-month closure following disagreements with power utility ZESA over changes in electricity tariffs.

Zimasco spokesperson Clara Sadomba told New Ziana that the two East Plant furnaces were restarted on January 21.

“The resumption of ferrochrome production in Kwekwe is a positive development for the company and means Zimasco’s expected contribution to the country’s target of a US$12 billion mining industry by 2023 remains on course,” she said.

The four new furnaces are expected to produce a combined 14 400 tons per month of high carbon ferrochrome and will directly employ over 400 people.

The addition of the four new furnaces at the Kwekwe smelter will increase the company’s ferrochrome production capacity to over 315 000 tonne per annum.

Sadomba said Zimasco was in the process of switching on three of its furnaces, largely to fulfil its customer requirements.

Construction of the new modern furnaces – two at East Plant and one at West Plant, are expected to be completed and commissioned in phases.

One furnace is expected to be commissioned in April and the other two by June this year. This will be followed in the last quarter of 2023, by commissioning of the ore fines agglomeration and sintering plant.

The sintering plant utilizes off gases from the new two East Plant fully closed furnaces, enhancing energy efficiency in the smelting process and protecting the environment.

Zimasco took advantage of the temporary closure to carry out essential maintenance work on its furnaces.

Related Articles

Supreme Court intervenes in ZIMASCO saga, orders Wilson Manase to step aside

0
HARARE - Supreme Court of Zimbabwe judge Justice Tendai Uchena has granted interim relief to ferrochrome producer ZIMASCO (Pvt) Ltd in its ongoing corporate rescue dispute, ordering controversial lawyer Wilson Manase to cease acting as the company's corporate rescue practitioner pending a full appeal hearing.
Zimbabwe Mining and Smelting Company (Zimasco) in Kwekwe

ZIMASCO secures temporary relief against Wilson Manase’s corporate rescue bid

0
HARARE - The High Court of Zimbabwe has granted ZIMASCO (Pvt) Ltd, a prominent ferrochrome producer, an interdict barring lawyer Wilson Manase from presenting himself as the company's corporate rescue practitioner.
Zimbabwe Mining and Smelting Company (Zimasco) in Kwekwe

ZIMASCO alleges Justice Mambara conspired to raid company’s bank accounts

0
HARARE - ZIMASCO (Pvt) Ltd, a subsidiary of Sinosteel Corporation, has lodged a formal and explosive complaint with the Judicial Service Commission (JSC) against Justice Joel Mambara of the High Court, alleging "judicial impropriety" and accusing him of being complicit in a "fraudulent scheme" to raid the company's bank accounts and take over control.
Zimbabwe Mining and Smelting Company (Zimasco) in Kwekwe

High Court reserves judgement on ZIMASCO “hostile” takeover bid by syndicate

0
HARARE - High Court judge Justice Mushure has reserved judgement in the urgent chamber application filed by ZIMASCO (Pvt) Ltd to block a hostile takeover over by Kwekwe businessman Shepherd Tundiya’s company Avim Investments (Pvt) Ltd.
Zimbabwe Mining and Smelting Company (Zimasco) in Kwekwe

Zimasco shuts down 4 furnaces as economy in Zimbabwe gasps for life

1
KWEKWE – Zimbabwe Mining and Smelting Company (Zimasco), the country’s biggest ferrochrome producer with an output of 180 000 tonnes per annum has switched off four of its six furnaces at the Kwekwe plant due to increased cost of power and declining prices on the world market. Heavy industrial companies in Zimbabwe continue to be dogged by a plethora of problems exacerbated by complications of an economy on a tailspin.

Don't miss a story

Breaking News straight to your inbox.

No spam just news !

12 COMMENTS

0 0 votes
Article Rating
Subscribe
Notify of
12 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
3 years ago

Nanhasi number two furnace is not working?shame,just looting

Totenda maruva tadya chakata

3 years ago

Zesa monopoly is a nightmare to industry growth in Zimbabwe

3 years ago
Reply to  Jericho Mwinde

Jericho Mwinde they must allow companies to have their own power plants and it will easy traffic from our grid as well

3 years ago

They both start with Z hameno ikoko

3 years ago
Reply to  Matema Edward

Matema Edward even nenyika yachowo starts with z we must change this name after independence

3 years ago

Zimasco collapse

3 years ago

toitaseiko ne chinyika Che Zimbabwe ichi

3 years ago
Reply to  Jefrey Mutasa

Jefrey Mutasa ngaitengeswe

3 years ago
Reply to  Jefrey Mutasa

Peter Chatindo zvingatova nani

3 years ago

That’s media that company is completely dead

3 years ago

Election settings, takachimaster chigame chacho

Donate to Nehanda Radio

Latest Recipes

Latest

More Recipes Like This