ZIMBABWE’S mining sector is under siege as key minerals — diamonds, chrome and coal—are performing below par despite government’s previous efforts to institute reforms to ramp up production.

[www.ferro-alloys.com] Economic Co-ordination Committee (ECC) of the Cabinet has not allowed Pakistan Steel Mills (PSM) to sell unfinished inventory of Rs 5 billion to meet its financial commitments including payment of salaries, well informed sources told Bus...

SMELTING operations at Zimbabwe Mining and Smelting Company (Pvt) Ltd (Zimasco) West Plant, which is being leased to Portnex International, were shut down on Thursday last week after Zimbabwe Electricity Supply Authority switched off the company for disregardi...

IN the wake of rejection, Portnex went back to the drawing board. What would follow was an excellent stratagem to engineer a take-over. This time, with the help of the legal system, writes Zimbabwe Independent’s business editor Chris Muronzi in this third ins...

[www.ferro-alloys.com] THE country’s last remaining steel mill has sought the help of the Court of Appeals, after the company’s insurance claims worth over P1 billion against nine insurance companies remained pending more than a year after the filing of form...

[www.ferro-alloys.com] Recently, the Hoa Sen Joint Stock Group (HSG) made public a super project for steel production in central Ninh Thuan Province with a strong commitment on the use of clean technology. The Ministry of Trade and Industry has included the pr...

[www.ferro-alloys.com] Economic Coordination Committee (ECC) has approved a grant of seven hundred and sixty million rupees for two-month salary of employees of Pakistan Steel Mills.

Diversified mining company Assore has survived the storm of last year’s iron-ore price crash, recording a 16% increase in earnings to R1.49 billion for the year ended June 30 2016. Compared to its 2015 financial results, when the company incurred impairments ...