Articles tagged 'essar'

Put your house in order, govt told 12 December 2015 HARARE - The Zimbabwean government must put its house in order before securing investors for struggling iron ore giant Ziscosteel, economic and political analysts have said. [GoogleAd] This comes after Finance minister Patrick Chinamasa recently admitted that the $750 million Essar-Ziscoste...
Govt fires 3 000 Ziscosteel workers 27 November 2015 HARARE - Government yesterday announced plans to fire all Ziscosteel (Zisco) workers starting next month. In his 2016 National Budget statement presented in Parliament yesterday, Finance minister Patrick Chinamasa confirmed the collapse of the $750 million Essar deal. [GoogleAd] Chinamas...
Zisco management kept in the dark on Essar deal 6 August 2014 HARARE - Ziscosteel (Zisco) — now NewZim Steel — management has been kept in the dark about the deal between government and Indian steel make Essar Holdings (Essar). The iron processor's chief executive Alex Gowo told Parliament's Industry and Commerce portfolio committee yesterday that he was...
Zisco shutdown deprives Zim of $20bn — Study 9 July 2014 HARARE - Zimbabwe has lost over $20 billion in potential revenue since 2008 due to the closure of Ziscosteel, a recent study shows. According to the latest report by the Zimbabwe Economic Policy Analysis and Research Unit (Zeparu) on engineering and metals industries value chain analysis showe...
Ziscosteel workers go for 3 years without pay 30 January 2014 HARARE - Ziscosteel workers have appealed to Nicholas Goche, minister of Labour and Social Welfare, to intervene and expedite payment of their outstanding salaries. The workers, through their lawyers Matsikidze, Mucheche legal practitioners, wrote to Goche highlighting problems they were facin...
Essar shelves iron ore plant construction 5 January 2014 HARARE - Essar Africa Holdings (Essar) has put on hold plans to build an iron ore beneficiation plant in Chivhu as government delays transferring reserves to the Indian firm. The Asian steel giant — holding a 54 percent stake in NewZim Steel, formerly state-owned Ziscosteel —indicated that it ...
Govt expects Zisco to reopen in January 5 January 2014 HARARE - Zimbabwe’s steel maker New Zimbabwe Steel, formerly Zimbabwe Iron and Steel Company (Ziscosteel), will be revived this month, a government official has said — a reopening that could stem the destitution stalking Redcliff in the wake of the mining group’s shutdown. Mike Bimha, Industry...
Essar engineers, management jet in 5 December 2013 HARARE - Dormant iron producer NewZim Steel — formerly Ziscosteel — could soon reopen as engineers from India-based major shareholder Essar Africa Holdings (Essar) came into country last week. Mike Bimha, Industry minister, said the engineers visited the Kwekwe-based company to assess ways of ...
Essar deal nears conclusion 31 October 2013 HARARE - India-based Essar Holdings (Essar)'s top management is in the country to conclude the $750 million deal aimed at reviving NewZim Steel, Industry minister Mike Bimha has said. “Senior partners in Essar were here yesterday (Tuesday) and they met with officials in my ministry as well as ...
Essar wants ore — analysts 4 September 2012 HARARE - The Zimbabwean government should maintain its position to bar Essar Africa Holdings (Essar) from exporting raw iron ore, a leading mining expert said. Paul Jourdan an independent South African mineral policy analyst and former Mintek chief executive, last week told the Zimbabwe High leve...
Implement deal with Essar: PM 31 August 2012 HARARE - Government should move to implement the multi-million dollar deal with Indian steel giant Essar, Prime Minister Morgan Tsvangirai has said. Addressing journalists during his monthly press briefing on Tuesday, Tsvangirai said government should own up to its signature. The Essar project ha...