Zimasco in $250 million deal

Zimasco in $250 million deal
Published: 21 February 2014

Zimasco has partnered Chinese firm Jilin Houyuan in a deal that will culminate in the construction of a sintering plant at a cost of about $250 million in Kwekwe.

The ferrochrome producer also concluded a similar partnership deal with Golden Horizon Limited, also from China for the construction of a slug gravity separation plant.

Both deals were facilitated by Sinosteel of China, which owns 73% stake in ZIMASCO.

ZIMASCO general manager (marketing and administration) Clara Sadomba said Sinosteel engaged foreign partners for the development of the sintering and the gravity separation plants to raise capacity.

The sintering process involves combining ferrochrome fines to sizes enough to be fed into the blast furnace.
- herald
Tags: Zimasco,

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