Articles tagged 'zimasco'

Govt redistributing Zimasco chrome claims 16 June 2017 HARARE – Government has started re-distributing idle chrome mines surrendered by the Kwekwe-based Zimbabwe Iron and Smelting Company (Zimasco) amid indications that illegal miners who had occupied them would be evicted. Deputy Mines minister, Fred Moyo, on Wednesday said his ministry — which i...
Zimasco's environmental troubles far from over 16 September 2016 HARARE - Zimasco (Private) Limited's troubles with the government are far from over as the Environmental Management Agency (Ema) has confirmed a serious pollution scandal at its Midlands operations, which has badly affected surrounding communities such as Mbizo. This also comes as new informat...
Sinosteel dumps Zimasco? 4 August 2016 HARARE - Zimasco (Private) Limited (Zimasco)'s revival prospects have continued to dim as the company has reportedly failed to secure a $7 million bailout from its major shareholder Sinosteel Africa Corporation (Sinosteel) to finance short-term operations. This also comes as the Midlands-based...
Zimasco pollution "killing" Kwekwe 29 June 2016 HARARE - Chinese-owned Zimasco (Private) Limited is facing serious government censure after a State-sanctioned probe has unearthed serious environmental damage at its Kwekwe plant, the Daily News can reveal. The development not only comes as President Robert Mugabe has attacked the ethical con...
Zimasco burns in 'financial, political storm' 10 June 2016 HARARE - Ferrochrome producer Zimasco (Private) Limited has won a judicial management order to preserve its assets amid revelations that the company was sitting on a ticking time-bomb related to its “toxic” environmental management policy. This also comes as the Chinese-owned metals group has ...
Zim mining sector feels economic heat 13 August 2014 HARARE - Shares in mining companies operating in Zimbabwe are falling sharply amid a deepening crisis triggered by President Robert Mugabe’s landslide victory in last year’s  presidential election. Zimbabwe is the world’s second-largest producer of platinum after South Africa, and is also an i...