Essar was also awarded 80 percent of the former mineral claims of ZISCO, with the government keeping 20 percent.
Refurbishments are being made to the coke oven, sinter plant, steel-making plant, rolling mills and lime plant. Experts are installing a new blast furnace.
Officials, who could not be named for protocol reasons, said a new captive plant and oxygen plant would also be installed at the production site. Industry minister Mike Bimha told The Zimbabwean that Essar had assured government of an imminent re-opening.
In the past Ziscosteel was a major foreign currency earner and former Finance Minister Tendai Biti is on record saying the firm could contribute $1 billion to the Gross Domestic Product.
Post published in: News
this is shameful for a country once as good to be seen being taken to the cleaners by a few corrupt men Zisco will not be refurbished as long as u talk of Essar. wange, the railways, byo industries are all history because of this nonsensical ministration
Zimbabwe under ZANU-PF=disaster of megaproportions