HARARE, February 8 (The Source) – Zimbabwe’s largest ferrochrome miner, Zimasco on Thursday announced that it had come out of judicial management after nearly two years.
HARARE, November 19 (The Source) – The Zimbabwe Mining and Smelting Company (Zimasco) has signed an agency agreement with New York-based Traxys to market and distribute its ferro-chrome products in North America, a deal seen reviving the struggling miner.
By Plaxedes Sibanda, HARARE, March 22 (The Source) – Shangani Energy Exploration says is in talks with government to approve the renewal of its grants worth $780 million which will enable it to source funds to start work on a gas project and a power… Read More
BULAWAYO, August 29 (The Source) – Zimbabwe’s largest ferrochrome producer, Zimasco, currently under provisional judicial management, has approached banks it owes $35 million for a six and half year moratorium on interest on the pre-judicial management debts. Zimasco, majority onwed by China’s Sinosteel, applied for… Read More
HARARE, June 7 (The Source) – The government has ordered ferrochrome producer Zimbabwe Alloys to hand over half of its vast mining claims or risk having them appropriated, saying it wants to open the sector up to new miners. The company was given until the… Read More
BULAWAYO, September 30 (The Source) – Zimbabwe Mining and Smelting Company (Zimasco) is set to lay-off a further 370 workers at its Peak Mine in Shurugwi, sources familiar with the development said on Tuesday. The company has so far retrenched 500 workers, mainly miners at… Read More
SHURUGWI, March 17 (The Source) – Ferrochrome producer Zimasco will this year shut down Peak Mine in Shurugwi and lease it to private operators in a tributary arrangement, sources familiar with the development said on Monday. The company has so far retrenched 500 out of… Read More
By Chipo Musoko, HARARE, March 12 (The Source) – Shangani Energy Exploration (SEE) will embark on a $780 million gas project and build a 400 megawatt power station in Gwayi, north west of the country which would boost Zimbabwe’s flagging energy supplies, a company official… Read More
KWEKWE, February 7 (The Source) – Ferrochrome producer Zimbabwe Mining and Smelting Company (Zimasco) says it will retrench half of its 3,000 workforce, citing poor metal prices and the need to contain operational costs. “Zimasco continues to pursue various cost cutting initiatives in all its… Read More
GWERU, November 8 (The Source) – Companies in the Midlands province, once a thriving mining and manufacturing hub, require over $250 million to revive operations and improve operational capacity, an economist has said. Major firms such as ferrochrome processors Zimbabwe Alloys and Zimasco, Bata Shoe… Read More