Search / Steelmaker
Tagwirei-linked firm in Zisco 'asset stripping orgy'
The much-hyped takeover of the Zimbabwe Iron and Steel Company (Zisco) by Kuvimba Mining House has failed to change the fortunes of the steelmaker amid allegations that the firm linked to businessman ...Published: 31 Mar 2024 at 15:20hrs | 1 | by Staff reporter
Hwange Colliery pays off US$350m debt
ZIMBABWE'S oldest coal producer, Hwange Colliery has repaid over US$350 million to creditors in fast-paced deals executed by external administrators since slipping into reconstruction over a year ago,...Published: 15 Dec 2023 at 07:52hrs | 1 | by Staff reporter
Third steelworks plant set for commissioning
Commissioning of a third major steel works is expected in November this year in Masvingo Province after the SteelMakers Limited secured funding of US$160 million for the construction, set up and insta...Published: 26 Jan 2023 at 07:31hrs | 1 | by Staff reporter
Steel firms pour US$1 billion into Zimbabwe
Major steel-processing firms developing operations in Zimbabwe have this year invested over US$1 billion into their projects, which are at various stages of implementation, official data showed yester...Published: 27 Dec 2022 at 06:40hrs | 1 | by Staff reporter
Mnangagwa woos investors at AfDB organised forum
PRESIDENT Emmerson Mnangagwa has invited investors who graced the recently held Africa Development Bank (AfDB) organised event to tap into the country's agricultural, mining and manufacturing sectors ...Published: 13 Nov 2022 at 17:32hrs | | by Staff reporter
Zimbabwe strikes steel deal
Engagements at the Africa Investment Forum 2022, which is ongoing here, have already paid dividends for Zimbabwe, with one of the deals in steelmaking worth US$105 million, from a combined portfolio o...Published: 03 Nov 2022 at 19:00hrs | 1 | by Staff reporter
New dedicated railway line for US$1bn steel project
A NEW dedicated railway line will be established to connect the US$1 billion stainless steel plant in Mvuma to a new port in Mozambique to move exports on time and in quantity.The venture ...Published: 08 Mar 2022 at 05:39hrs | | by Staff reporter
Building of Africa's biggest steel plant begins
CONSTRUCTION of what will be Africa's biggest iron ore mine and a carbon steel plant in Manhize, Mvuma in Midlands Province, is on course as groundwork has been completed with electricity now connecte...Published: 04 Mar 2022 at 05:37hrs | | by Staff reporter
Chamisa's Kwekwe rally rocked by violence
ONE person reportedly died yesterday while scores of Citizens Coalition for Change (CCC) supporters were injured following an attack by suspected Zanu-PF supporters during party leader Nelson Chamisa'...Published: 28 Feb 2022 at 05:26hrs | | by Staff reporter
Govt urged to take Zisco revival seriously
BUSINESS executives have urged government to take the resuscitation of the moribund ZiscoSteel seriously following the announcement of a new investor on Tuesday.Government announced in a post-...Published: 25 Feb 2022 at 07:17hrs | | by Staff reporter
Kuvimba musn't disappoint on ZiscoSteel
WHILE we applaud government efforts to revive the moribund ZiscoSteel, we are a bit pessimistic on its choice of Kuvimba Mining House, where the State has majority shareholding, as the leading investo...Published: 25 Feb 2022 at 07:14hrs | | by Staff reporter
Mnangagwa's oligarchs: The heirs of Cecil Rhodes
As Zimbabwe's economy has spiralled down, with one million economic refugees in South Africa alone and ordinary people facing shortages of food, fuel, medicine and shelter, there is a class of people ...Published: 08 Feb 2022 at 18:29hrs | 4 | by Phillip van Niekerk and a Zim-based Research Team
July Moyo in fresh land scandal
LOCAL Government minister July Moyo has been implicated in a massive land scandal in Masvingo after it emerged he is piling pressure on the ancient city's local authority to cede vast tracts of land t...Published: 22 Jan 2022 at 05:25hrs | 8 | by Staff reporter
Zimbabwe the new Cold War front
ON February 5, 2018 United States President Donald Trump wrote to the US Congress that he was extending sanctions on Zimbabwe by another year. This year President Joe Biden did the same.The gi...Published: 31 Oct 2021 at 08:28hrs | 13 | by Nevanji Madanhire
'Zisco requires US$360m for resuscitation'
INDUSTRY and Commerce deputy minister Raheshkumar (Raji) Modi on Sunday said the defunct Zimbabwe Iron and Steel Company (Zisco) requires US$360 million for its resuscitation.Ziscosteel was on...Published: 26 Oct 2021 at 06:42hrs | | by Staff reporter
Zimbabwe's huge coal reserves might soon be redundant
TOP executives at Zimbabwe's power utility Zesa Holdings Limited and policymakers are deeply worried about the future of coal-fired electricity projects in the country following China's recent move to...Published: 23 Oct 2021 at 23:52hrs | 1 | by Staff reporter
Zimbabwe set to be major steel producer
A third major steelworks is now scheduled for Zimbabwe as the country moves rapidly forward as a major steel producer in Africa with local firm Steelmakers set to start building a steel mill in Masvin...Published: 05 Oct 2021 at 06:30hrs | | by Staff reporter
US$1 billion steel plant ready for take off
SEVERAL arms of Government in the Midlands Province say they are ready to smoothen the way for the birth of the US$1 billion Mvuma steel plant expected to be commissioned next year.Set to be A...Published: 22 Aug 2021 at 07:48hrs | | by Staff reporter
Zisco hunts for revival partner
GOVERNMENT will soon convene an investor conference as part of efforts to scout for a suitable investment partner for the revival of the moribund steelmaker, Ziscosteel.This follows the closur...Published: 02 Jul 2021 at 19:35hrs | | by Staff reporter
Govt mounts fresh plan to save Zisco
GOVERNMENT is mounting a fresh plan on Friday to revive operations at the moribund steel maker Ziscosteel, the latest of a string of futile attempts to rebuild Africa's once largest integrated steelwo...Published: 29 Nov 2020 at 07:03hrs | | by Staff reporter
Mnangagwa has little to show for $27bn
When Emmerson Mnangagwa took over the leadership of Zimbabwe from Robert Mugabe in November 2017, he promised to revive the moribund economy and adopted a mantra he's repeated regularly ever since —...Published: 22 May 2019 at 10:44hrs | 2 | by Bloomberg
Zimra lifts Ziscosteel garnishee
The Zimbabwe Revenue Authority (ZIMRA) has lifted the garnishee order it imposed on the accounts of the now defunct steelmaker, Ziscosteel bringing relief to the steel company ex-employees who were no...Published: 17 Apr 2019 at 16:25hrs | | by Staff reporter
Oxygen Cylinder supplier sues Steelmakers for $11000
Oxygen Cylinder supplier have sued the Steelmakers Zimbabwe in Kwekwe for $11 000 owed in in a botched deal.Maxwell Chioto summoned the company to the Bulawayo High Court dem...Published: 29 Sep 2018 at 08:32hrs | | by Stephen Jakes
Water woes stall Steel Makers' re-opening
THE prevailing water shortage in Masvingo has stalled the re-opening of Steel Makers Sponge Iron plant. Masvingo city has been battling a serious water shortage following the breakdown of two pumps at...Published: 04 Sep 2018 at 06:27hrs | 8 | by Staff reporter
ZimCoke revives ZiscoSteel's Coke plant
ZimCoke (Pvt) Limited plans to invest $133 million towards resuscitation of the Coke Oven Battery plant segment of the defunct steelmaker, ZiscoSteel. At full tilt the project is expected to produce 5...Published: 30 Jul 2018 at 06:47hrs | 1 | by Staff reporter
Chamisa targets president Mnangagwa ally
PRESIDENT Emmerson Mnangagwa's close confidante, Local Government minister July Moyo's bid to represent Redcliff in next month's elections will come under scrutiny after opposition MDC Alliance leader...Published: 23 Jun 2018 at 06:44hrs | | by Staff Reporter
Foreman 'pushes co-worker onto conveyor belt'
A foreman at a Redcliff-based steel company, Steelmakers escaped jail after he appeared in court accused of shoving a colleague onto a rolling conveyor belt.Kwekwe magistrate Mr Storey Rushamb...Published: 06 May 2018 at 09:29hrs | | by Staff reporter
Harare-Beitbridge Highway dualisation to start this month
The much-awaited dualisation of Beitbridge-Harare Highway that is expected to cost close to a $1 billion is set to start before the end of this month, with the contractor expected to set up three camp...Published: 09 Mar 2018 at 06:02hrs | | by Staff reporter
Stubborn Zim economy defies coup leader's 100-day deadline
PRESIDENT Emmerson Mnangagwa clocks 100 days in office next week with his administration struggling to gain the confidence required to stem the cash crisis.Mnangagwa took over the reins last y...Published: 25 Feb 2018 at 11:10hrs | | by Staff reporter
New life breathed into Zisco
GOVERNMENT is now in the final stages of concluding the implementation of the Zisco deal with Hong Kong-based company R&F as it seeks to revive the former steel manufacturing giant to make it a ne...Published: 22 Oct 2017 at 13:43hrs | | by Staff reporter
New life breathed into Zisco
GOVERNMENT is now in the final stages of concluding the implementation of the Zisco deal with Hong Kong-based company R&F as it seeks to revive the former steel manufacturing giant to make it a ne...Published: 22 Oct 2017 at 08:37hrs | | by Staff Reporter
Unlicensed policeman jailed for fatal crash
AN unlicenced Zimbabwe Republic Police constable has been jailed an effective nine months in prison for causing a road traffic accident that killed three people in Kwekwe.Constable Privilege F...Published: 25 Aug 2017 at 09:31hrs | | by Staff Reporter
Crash cop charged with triple homicicide
A POLICE officer who allegedly overtook another vehicle at a blind rise resulting in a head-on collision that killed the chief executive officer of Redcliff-based company, Steelmakers, Mr Alexander Jo...Published: 03 May 2017 at 06:54hrs | | by Staff reporter
Tsvangirai promise to re-open Ziscosteel
HUNDREDS of former Ziscosteel employees yesterday met MDC-T president, Morgan Tsvangirai during an impromptu visit in what has become the ghost mining town of Redcliff, where he came face to face ...Published: 08 Feb 2017 at 05:54hrs | | by Staff reporter
Another Mnangagwa associate dies in horror accident
A close associate of Vice President Emmerson Mnangagwa, Alexander Johnson died in a horrific road traffic accident near Sable Chemicals in Kwekwe.Johnson, who was Steelmakera head died when hi...Published: 19 May 2016 at 13:06hrs | | by Thobekile Zhou
Steelbase shuts down Bulawayo branch
STEELMAKERS Zimbabwe's subsidiary Steelbase has shut down its branch in Bulawayo to cut costs.The company this week wound down its operations with a closedown stocktaking.Business Chro...Published: 03 Mar 2016 at 05:29hrs | | by Oliver Kazunga
Lamentations over closure of industries
A social commentator has lamented the massive closure of the industries in the country with much concerns as to why all this has happened when the nation has a viable government.Mike Winston p...Published: 15 Oct 2015 at 07:04hrs | | by Stephen Jakes
Abuse of power by traffic cops
8:53am, Apr 29 - +263 7* *** ****: Hi there. Below is a copy of a query I made to the Kwekwe ZRP regarding the legality of their traffic officers impounding vehicles of those that fail to pay sp...Published: 01 May 2015 at 10:13hrs | | by Tendai R. M.
Zanu-PF targets SA sugar producer
JOHANNESBURG Stock Exchange-listed sugar producer, Tongaat Hullet, is saddled with fresh threats from the ruling Zanu-PF party to cede 10 000 hectares to private indigenous farmers, as well as comply ...Published: 26 Jan 2015 at 06:49hrs | | by Staff reporter
Zanu-PF to unleash blitz on mining companies
Zanu-PF is early next year expected to launch a blitz on mining companies that have not contributed to the community share ownership schemes launched last year. This comes amid reports tha...Published: 19 Dec 2014 at 08:06hrs | | by Staff reporter
Zimra dragged to court
More than 10 corporates have taken the Zimbabwe Revenue Authority to court over punitive garnishee orders issued on their accounts for outstanding taxes running into millions of dollars, with the Fisc...Published: 21 Jul 2014 at 00:46hrs | | by Fidelis Munyoro
$1.5 billion power plant for Zimbabwe
Makomo Resources (Pvt) Ltd, Zimbabwe's largest coal producer by output, said it plans to spend $1,5 billion on a 600-megawatt power plant and will also start exporting coal to steelmakers in southern ...Published: 17 Jul 2014 at 07:13hrs | 3 | by Staff reporter
ArcelorMittal to buy ZimAlloys?
ArcelorMittal, the world's biggest steelmaker, is considering an offer for Zimbabwe Alloys Chrome Ltd, an insolvent ferrochrome producer seeking investors, according to a person with knowledge of the ...Published: 16 May 2014 at 15:43hrs | | by Bloomberg
A strange love for Nelson Mandela
In this piece we make the case that Mandela was essentially used by white capital and that the fawning adoration expressed by white people is insincere and self-serving. What appears to be love for M...Published: 09 Dec 2013 at 06:38hrs | | by Amai Jukwa and Garikai Chengu
'Get rid of this three-headed creature' says Mugabe
President Mugabe yesterday reiterated the call for peace and a culture of non-violence as Zimbabwe prepares for a referendum and subsequent elections.The country will hold a referendum to cho...Published: 16 Feb 2013 at 06:53hrs | | by Staff Reporter
Korean steelmaker to acquire stake in a Zimbabwean company
South Korean steelmaker Posco said Thursday that it has signed an initial agreement to acquire a stake in Maranatha, a Zimbabwean ferrochrome-processing company, from Switzerland's Gurta and Zimbabwe'...Published: 16 Feb 2012 at 21:14hrs | | by Staff reportet
Largest iron ore reserves in the world, sold for a song
CONTROVERSY is brewing over the Zisco-Essar deal amid allegations that Industry and Commerce Minister Welshman Ncube pushed through the deal without proper due diligence and allo-wed Essar to unfairl...Published: 01 Aug 2011 at 16:21hrs | | by Munyaradzi Huni
Zimbabwe to export coking coal to India
Hwange Colliery will be the first Zimbabwean company to export coking coal to India, mainly targeting its vast steelmaking industry, the company said in a statement.It is expected to export ab...Published: 20 Jun 2011 at 09:01hrs | | by platts
Zimbabwe foreign miners to meet ownership deadline: ministry official
Foreign mining firms operating in Zimbabwe are on track to meet a September deadline to sell majority stakes to local investors, though the government will be flexible in its approach, a senior minist...Published: 16 Jun 2011 at 06:19hrs | | by Clara Ferreira-Marques
Name change: From Zisco to Essar
It is reported that Essar Africa Holdings is expected to re brand the steelmaker to Essar Steel Zimbabwe and appoint a new board, including a chairperson and chief executive officer in 2011.Th...Published: 01 May 2011 at 03:07hrs | | by Bhebhe Mandla
Load More Stories
