Zimbabwe’s largest ferrochrome producer, Zimasco, currently under provisional judicial management, has approached banks it owes $35 million for a six and half year moratorium on interest on the pre-judicial management debts.

Corporate vultures are circling around Zimbabwe Mining and Smelting Company (Pvt) Ltd (Zimasco) with a view to effect a hostile take-over of the integrated ferrochrome company in the country, businessdigest can reveal.

Chrome ore is becoming increasingly strategic for platinum mining company Northam Platinum.

Corporate vultures are circling around Zimbabwe Mining and Smelting Company (Pvt) Ltd (Zimasco) with a view to effect a hostile take-over of the integrated ferrochrome company in the country, businessdigest can reveal.

ON one chilly morning in July last year, three men walked into Zimasco’s Harare offices. They wanted to see the man in charge and had a business proposal.

Junior platinum mining and exploration company Jubilee Platinum’s decision to bring two chrome and platinum group metal (PGE) projects online, is seemingly paying off, with the first of those projects already exceeding expectations.

With a funding announcement for a permanent Ring of Fire road expected shortly, Toronto-based Noront Resources is enlarging its land package in the James Bay camp and is devising a multiple mine development plan.

The State run Odisha Mining Corporation (OMC) has set a revised target to produce 8.64 million tonnes of iron ore and chrome in the current financial year.