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Nicholas Ncube

Zisco seeks clarity on debt

The Zimbabwe Iron and Steel Company (Zisco) board has written to Government seeking confirmation of transfer of the US$225 million debt owed to a German bank by the company to ZimCoke, an investment vehicle that acquired some of the mothballed former steelmaking giant’s assets.

‘We are not scared of Zim’

Zimbabwe-focused gold junior Caledonia Mining Corporation is looking at opportunities to expand its investment in the country, where it currently runs a 50 000-ounce per year mine, despite the country’s treacherous political and economic terrain.