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ZimCoke (Private) Limited

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.

$255million ZimCoke plant commissioned

Industry and Commerce Minister, Mangaliso Ndlovu, yesterday commissioned the $255 million ZimCoke (Private) Limited plant at Redcliff that is set to revive the coke and coking coal industry and create more job opportunities.