Govt engages ZimAlloys, Zimasco over claims

The Zimbabwe Miners Federation (ZMF) says Government is negotiating with ZimAlloys and Zimasco for the release of chrome claims along the Great Dyke in a move that is aimed at empowering tributaries following the lifting of the ban on raw chrome exports.

ZMF chief executive, Wellington Takavarasha said tributaries have been disadvantaged for many years by claim owners who determine the price of chrome at selling point.

Takavarasha said ZimAlloys and Zimasco will not be given any option of refusal.

Tributaries working on ZimAlloys land have often complained over selling conditions as they are not allowed to sell chrome ore without the knowledge of the claim owner.
 
Meanwhile, Chrome smelter MonaChrome is set to resume operations after its creditors accepted a $4,5 million bid from German investor NK Trading.

MonaChrome judicial manager Christopher Maswi said that creditors have accepted NK Trading's proposal. However, the company will remain under judicial management until all the payments have been made.

The company shall remain under judicial management until all the payments are made.