Articles tagged 'newzim steel'

Zim@35: From giant steel works to scrapyard 15 April 2015 HARARE - Thirty five years ago, Zimbabwe’s biggest integrated steelmaker, Ziscosteel, was the pride of the nation, a source of livelihood for a population of over 100 000 people in Redcliff. It used to employ over 6 000 workers. But today, it is a pale shadow of its former self, with the plant...
NewZim Steel to retrench 26 September 2014 HARARE - Essar Africa Holdings (Essar) owned iron processor NewZim Steel – formerly Zisco Steel – plans to retrench once it resumes operations. The Redcliff-based steel maker, with a 3 000 workforce and has been dormant for more than five years, was acquired by the Indian group in 2011 in a $7...
Chinese firm awarded NewZim Steel tender 24 September 2014 HARARE - Indian firm Essar Africa Holdings Limited (Essar) and Zimbabwe government have awarded a tender to refurbish NewZim Steel’s – formerly Zisco Steel – plant to an undisclosed Chinese firm. Essar acquired a 54 percent stake in the government owned Redcliff-based steel maker in November 2...
Essar execs expected in Zim 3 July 2014 HARARE - Essar Africa Holdings Limited (Essar) executives are expected in Zimbabwe this Friday to engage the Mines ministry over plans to establish a thermal power station in the country. The Indian steel giant, which acquired a 54 percent stake in Zimbabwe's iron processor NewZim Steel – form...
Govt renegotiates Essar deal 3 July 2014 HARARE - Government and Essar Africa Holdings have renegotiated an improved Zimbabwe Iron and Steel Company (Ziscosteel) deal,  providing for a complete overhaul of the company’s equipment that has been lying idle for years. The African unit of India’s Essar Group in November 2011 agreed to bu...
Essar to build 600MW plant 12 May 2014 HARARE - Indian firm Essar Africa Holdings Limited (Essar) plans to build a 600 megawatt (MW) thermal power plant in Zimbabwe. The plant is expected to boost power supply to iron processor, NewZim Steel, formerly Zisco Steel. This comes as Zimbabwe has concluded a $750 million takeover deal...
Zim finalises $750m Essar deal 11 May 2014 HARARE - Zimbabwe says it has finally concluded a $750 million takeover deal of its giant iron processor Ziscosteel — now NewZim Steel — by Indian firm Essar Africa Holdings Limited. The deal, under which Essar acquired a 54 percent stake in the Kadoma-based steel maker, was agreed to in Novem...
Ziscosteel reopening deferred 13 February 2014 HARARE - The re-opening of NewZim Steel — formerly Ziscosteel — has been postponed due to extensive refurbishments taking place at the plant, Industry minister Mike Bimha has said. Bimha, who could not give specific dates for the revival of the steel giant — which has been dormant for nearly a...
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 ...
You don't care about Zisco, govt told 8 November 2013 HARARE - Masango Matambanadzo, the Zanu PF MP for Kwekwe, has castigated Cabinet ministers for neglecting Ziscosteel workers since the closure of the company five years ago. Matambanadzo made the remarks during a hearing on the parliamentary portfolio committee on Industry and Commerce on Wedn...
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 ...