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