MINING & RETAIL

Zimasco scales up production

Chrome smelting company Zimbabwe Mining and Smelting Company (Zimasco) has scaled up production in the first half of the year making the company largely in line with its annual target production.Zimas...

By Equity-Axis | Published: 19 July 2018

MINING & RETAIL

Small scale miner sues Zimasco over gold claim

A SHURUGWI-BASED small-scale gold miner, Florence Mbizo, has taken the Zimbabwe Mining and Smelting Company (Zimasco), to court for allegedly encroaching into her mining claim.According to the court p...

By Staff reporter | Published: 17 May 2018

BUSINESS NEWS

Ex-Zimasco workers likely to get houses

Zanu-PF Central Committee member Emmanuel Fundira is trying to broker a deal for ZIMASCO (Private) Limited to offer houses in Shurugwi to former workers as part of their exit packages.The ferrochrome ...

By Staff reporter | Published: 27 April 2018

MINING & RETAIL

Zimasco wins case against ChinaZim

KWEKWE-BASED ChinaZim International Minerals has been ordered to compensate the Zimbabwe Mining and Smelting Company (Zimasco) for stolen chrome ore.The ruling by High Court Judge, Justice Edith Musho...

By Staff reporter | Published: 15 March 2018

MINING & RETAIL

Zimasco to invest $80m in expansion projects

Zimasco will invest an estimated US$80 million in new furnace smelting capacity in the medium-term as part of the mining giant's expansion plans, a company official has said.Company spokesperson Clara...

By Staff reporter | Published: 16 February 2018

MINING & RETAIL

Zimasco to exit reconstruction

The Zimbabwe Mining and Smelting Company's judicial manager has applied to the High Court to have the Kwekwe-based ferrochrome producer removed from judicial management. The company was placed under ...

By Staff reporter | Published: 31 January 2018

MINING & RETAIL

Zimasco strikes deal with creditors

KWEKWE based chrome smelting company, Zimbabwe Mining and Smelting Company (Zimasco), has agreed on a scheme of arrangement with its creditors and is set to be removed from judicial management next mo...

By Staff reporter | Published: 11 December 2017

MINING & RETAIL

Zimasco set to come out of judicial management

ZIMBABWE's largest ferrochrome producer, Zimasco, is expected to come out of judicial management early next year after a successful turnaround plan that will enable the company to pay its creditors w...

By Staff reporter | Published: 01 December 2017

MINING & RETAIL

Zimasco engages creditors

Kwekwe-based chrome smelting company Zimbabwe Mining and Smelting Company (Zimasco), met its creditors yesterday to deliberate on the proposed scheme of arrangement. This comes after Zimasco, which is...

By Staff reporter | Published: 30 November 2017

MINING & RETAIL

Zimasco making way to the top

THE Zimbabwe Mining and Smelting Company, once the largest ferrochrome producer in the country and a force to reckon with in Africa, is slowly making its way up to the top again, rising from a debt ov...

By Staff reporter | Published: 26 July 2017

MINING & RETAIL

Zimasco, retrenchees on collision course

Close to 40 former Zimasco (Pvt) Ltd employees in Mutorashanga face eviction from company premises after their ex-employer reneged on a pledge to sell the houses to them.The ex-employees recently accu...

By Staff reporter | Published: 17 July 2017

MINING & RETAIL

Zimasco to lay off 500 workers

STRUGGLING chrome mining concern, Zimasco Private Limited, has embarked on a voluntary retrenchment exercise targeting to cut about 500 jobs across the company's entire operations in the country. Zima...

By Staff reporter | Published: 17 March 2014

MINING & RETAIL

Zimasco in $250 million deal

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 conclud...

By Staff reporter | Published: 21 February 2014

MINING & RETAIL

Zimasco to retrench workers

CHROME producer the Zimbabwe Mining and Smelting Company (Zimasco) will this month lay-off some of its workers due to viability challenges.Formerly owned by Union Carbide, at least 73 percent of Zimas...

By New Ziana | Published: 05 February 2014

MINING & RETAIL

Zimasco accused of favouritism

Small-scale miners have accused top management at the chrome mining giant, Zimasco, of pushing them out of business by awarding lucrative contracts to large-scale miners. The miners said Zimasco rece...

By Business reporter | Published: 10 September 2013
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