Search results: Zimasco

Ferrochrome producer ZIMASCO (Pvt) Ltd has scored a major victory in its ongoing corporate rescue wrangle, after Supreme Court Judge Justice Tendai Uchena granted interim relief barring lawyer Wilson Manase from posing as the company's corporate...

Zimbabwe’s ferrochrome production is set for a major boost as two key players, Zimasco Mining Company and Afrochine Smelting Company, ramp up investments in mine expansion and smelting capacity. These strategic initiatives are expected to ensure...

Ferrochrome producer Zimasco (Private) Limited has lodged a formal complaint with the Judicial Service Commission (JSC) against High Court judge Justice Joel Mambara, after Mambara granted a default judgment that placed Zimasco under corporate rescue, Mining...

Zimasco (Pvt) Ltd has initiated legal proceedings to challenge what it alleges is an attempt by Kwekwe businessman Shepard Tundiya, through his company Avim Investments, to gain control of the mining company, Mining Zimbabwe has learned. By...

One of Zimbabwe's leading chrome and ferrochrome producers, Zimasco (Pvt) Ltd, has strongly refuted recent media reports suggesting the company is under corporate rescue, assuring that it remains financially sound and fully committed to its ongoing...

In a landmark ruling, Zimasco has emerged victorious in a legal battle against the Zimbabwe Revenue Authority (Zimra), securing a judgment that absolves the company from paying US$10 million in royalties. This decision follows an extensive...

Local chrome miners, who have been operating under agreements with Zimasco since 2008, are protesting after the company backtracked on its commitments, choosing not to renew their contracts and instead transferring the claims to Chinese investors,...

Zimbabwe Mining and Smelting Company (ZIMASCO), the country’s biggest producer of ferrochrome, has shut down operations as a result of excessive electricity bills and the decline in prices on the international market, a local publication revealed.In...

Outokumpu, the integrated Finnish stainless steel producer, and Zimasco, the Chinese-owned ferrochrome producer in Zimbabwe, have announced suspensions of ferrochrome furnaces at their flagship operations.For Outokumpu, the closure is a delayed restart of one furnace after...

Midlands-based ferrochrome producer, Zimasco, has resumed operations at its West Plant, creating about 200 job opportunities. Vongai Mbara Zimasco is however currently operating at a lower scale after switching off one of its two furnaces. The company took over the plant,...

A dispute between Zimbabwe’s biggest integrated ferrochrome producer, ZIMASCO and South African firm Portnex International is set to be resolved through an arbitration process, Business Times can report.The dispute emanated from lease agreement debts running into millions of...

MIDLANDS-based ferrochrome producer, Zimasco, is carrying out rehabilitation works at its West Plant, as it prepares to restart operations at the furnaces.The development comes after the expiry of a five-year lease agreement between the company and...