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NewZim Steel likely to become shell company

NEWZIM Steel, formerly Ziscosteel, is likely to become a shell company if the Essar takeover fails as the new owners are borrowing millions of dollars to pay 3 000 idle workers while coalition government partners continue to dither over finalisation of...
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Gvt to renegotiate Essar deal

Categories: Business

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GOVERNMENT is renegotiating with Essar Africa, the Ziscosteel deal to ensure it retains control of Buchwa Iron Ore Mining Company, renamed NewZim Minerals. Under the new agreement, Government wants the Indian firm to buy the rights to Bimco’s iron ore claims. In an interview on the sidelines of the Zimbabwe Mining Indaba, Mines and Mining [...]

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