Zimasco website. Zimasco established its value at more than $1.

Zimasco website The High Court action has sparked a legal battle that could have serious implications for the company Despite the court order clearly being issued against Sinosteel Zimasco, Tundiya along with associate Wilson Manase, and businessman Denny Marandure, allegedly made an attempt on March 17, 2025 to THE Labour Court has ordered the reinstatement of 140 Zimasco employees who were retrenched in a process deemed irregular due to non-compliance with legal notice requirements. zw +263 242 251 823/8, +263 242 798211/3 Who is Zimasco (Pvt) Ltd? Largest integrated ferrochrome producer in Zimbabwe. Speaking at the handover event, Namatai. zw +263 242 251 823/8, +263 242 798211/3 Zimasco, alongside Afro Chine and Zim Alloys, is one of Zimbabwe’s largest producers of ferrochrome, a key input in the production of stainless steel and holds large tracts of unexploited claims. Zimasco was placed under judicial management in 2016 after failing to service its debts which had ballooned to about $65m in 2015 from about $38m in 2009. Zimasco Kwekwe is a point of interest, located at 3RPM+XC6, Kwekwe, Zimbabwe. Zimasco established its value at more than $1. We are proud of this recognition in your sterling efforts at the Chamber of Mines over many years and we wish you and your fellow members of the presidium a successful tenure. Zimasco is a unit of China’s Sinosteel, and exports ferrochrome to Europe and Asia. NEWS. After the order was modified, Manase and his associates made another attempt to take control of Zimasco’s accounts. The controversy stems from a March 2025 court ruling, issued by Justice Mambara, which mistakenly placed Sinosteel Zimasco (Pvt) Ltd—a non-existent entity—under corporate rescue instead of the actual company, Zimasco (Pvt) Ltd. Use the PitchBook Platform to explore the full profile. Zimasco was founded in 1926. Connect with Zimasco (Pvt) Ltd Head Office, Mining in Harare, Harare Province Zimbabwe. WhatsApp. John Musekiwa on his new appointment. Email. We are proud of this recognition in your sterling efforts at the Chamber of Mines over many years and we wish you and your fellow members of the presidium a HARARE, Mar. Get the latest business insights from Dun & Bradstreet. zw +263 242 251 823/8, +263 242 798211/3 Zimasco also allowed its mining contractors to supply chrome ores from Zimasco’s claims to Portnex in the interim period as Zimasco prepared to resume its furnace operations. Armed with the erroneous order, Tundiya’s group allegedly attempted to seize control of Zimasco’s bank Zimasco, however, argued that it was never properly notified, despite being a key party in the case. Zimasco (Pvt) Ltd Board and employees extend our heartiest congratulations to our Chief Executive Officer, Mr. Zimasco (Pvt) Ltd Head Office 30 The Chase Emerald Hill Office Park, Emerald Hill, Harare; Info@zimasco. This ruling prevents ZIMRA from claiming over US$10 million and nearly ZWL$1 billion HEAD OFFICE: 6th Level, Pegasus Hse, 52 - 54, Samora Machel, Avenue; Home; About us. The measure is intended to safeguard the country’s chromite resources to support growth of the domestic ferrochrome industry. ZimAlloys has since ceded part of its ferrochrome reserves to government as part of the ferrochrome producer’s response to a directive given by government which ordered the country’s two ferrochrome giants Zimasco (Pvt) Ltd based in Zimbabwe: Contact Details, Phone Number, Email, Address, Website, Location, Opening Hours. Established in 1926 as an exporter of chromite ore, ZIMASCO is the Largest integrated ferrochrome producer in Zimbabwe. Write a Review for Zimasco (Pvt) Ltd. The locomotives were handed over to NRZ board chairman Advocate Martin Dinha by Zimasco chief executive officer, Mr John Musekiwa at Kildonan Siding in Mutorashanga. A contractual breach by Zimasco involving its agreement with Avim for coal supply to its furnaces led to the current corporate rescue proceedings. Currently employing around 500 workers, this expansion will bolster the workforce and is Zimasco is a company that provides Ferrochrome and more. and has smelting operations at Kwekwe with installed operational capacity to produce 180,000 t. Zimasco is negotiating with the Zesa for a lasting solution to the challenges. Write a Review for Zimasco P/L. Two of these semi-closed submerged arc furnaces have been operational since ABOUT Established in 1926 as an exporter of chromite ore, ZIMASCO is the Largest integrated ferrochrome producer in Zimbabwe. Linkedin. They can be contacted via phone at +263 55 24041, visit their website zimasco. In a significant legal victory for Zimbabwe Alloy Smelting Company (ZIMASCO), the High Court has ruled that the Zimbabwe Revenue Authority (ZIMRA) cannot collect mining royalties on chrome ore concentrates and ferrochrome produced by the company prior to January 2022. Zimasco and NRZ entered into the deal early this year after realising that the rail operator was having challenges transporting its ore destined for the export market. Overview; Sinosteel Corporation; Management team; Business Operations The ruling has dealt a major blow to ZIMRA which was ordered to refund Kwekwe-based Zimbabwe Alloy Smelting Company (ZIMASCO) taxes paid for these processed and semi-processed mineral-bearing Zaballos Instituto de Medios Alternativos de Solución de Controversias (ZIMASCO) es una institución de referencia en mediación y resolución de conflictos en España. Its operational centres are located in Kwekwe , Shurugwi , Mutorashanga and Harare and has smelting Zimasco, a leading ferrochrome producer in the country, has successfully challenged the Zimbabwe Revenue Authority’s (ZIMRA) demand for mining royalties and penalties. Zimasco’s announcements come less than two months after the Zimbabwe government’s Cabinet approved a ban on the export of raw chromium ores from the country, with effect from July 2022, says Roskill. Overview; Sinosteel Corporation; Management team; Business Operations Zimasco Shunfa New Materials, a prominent ferrochrome producer based in Kwekwe, is expanding its operations with a significant hiring initiative. Facebook. Zimasco is headquartered in ZW HA. Zimasco’s ferrochrome smelting operations are situated at Kwekwe. co. Zimasco, Zimasco (Pvt) Ltd Head Office 30 The Chase Emerald Hill Office Park, Emerald Hill, Harare; Info@zimasco. Since the fourth quarter of 2023, Zimasco has concentrated its production efforts on four newly commissioned furnaces. Twitter. Zimbabwe Mining and Smelting Company (ZIMASCO), the country’s biggest producer of ferrochrome, has shut down operations as a result of excessive electricity bills and the decline in prices on the international . Tags : #PointOfInterest, #Establishment ZIMASCO shuts down operations. zw for more detailed information. CHROMITE GEOLOGY OF ZIMBABWE AND RELATED MINING CHALLENGES Zimasco (Pvt) Ltd Board and employees extend our heartiest congratulations to our Chief Executive Officer, Mr. Following the end of the Portnex lease at the end of 2020, two of the three west plant furnaces were being ZimAlloys together with Zimasco jointly controls the majority of Zimbabwe’s chrome ore claims, mostly found along the Great Dyke. He held several Middle Management positions at the Zimasco Kwekwe Information on acquisition, funding, investors, and executives for Zimasco. The company recently He joined Zimasco in 1999 as a Chemist Graduate Trainee after which he was promoted to Analytical Chemist on completion and then to Laboratory Manager in 2005. Zimasco has been leasing its three furnaces to South African firm, Portnex International. 25 (NewsDay Live) - High Court judge, Justice Faith Mushure has reserved judgment in a case where chrome mining and smelting company, Zimasco, is seeking to block its alleged HEAD OFFICE: 6th Level, Pegasus Hse, 52 - 54, Samora Machel, Avenue; Home; About us. ZimAlloys has since ceded part of its ferrochrome reserves to government as part of the ferrochrome producer’s response to a directive given by government which ordered the country’s two ferrochrome giants Zimasco, one of Zimbabwe's largest ferrochrome producers, has been placed under corporate rescue following court filings by controversial businessman Shepherd Tundiya, who claims the company owes Zimasco P/L based in Harare, Zimbabwe: Contact Details, Phone Number, Email, Address, Website, Location, Opening Hours. Chrome mining and smelting company based in Mtorashanga, Shurugwi, Kwekwe and headquartered in Harare. Zimasco Shunfa New Materials, a prominent ferrochrome producer based in Kwekwe, is expanding its operations with a significant hiring initiative. Has smelting operations Zimasco Pvt Ltd | 1,858 followers on LinkedIn. Operational centres located in Kwekwe , Shurugwi , Mutorashanga and Harare . Zimasco Kwekwe division has commissioned facilities to help in the fight against the Covid-19 pandemic. Find Zimasco (Pvt) Ltd Head Office reviews and more. Zimasco, a unit of China's Sinosteel, said it is investing US$35 million in new ferrochrome smelters at its Kwekwe complex and raise capacity by 40 percent by end of 2022. Nuestro compromiso es promover la cultura del diálogo y la conciliación a través de formación especializada y servicios profesionales de mediación, conciliación y dictámenes. Ask questions the ZimbabweYP community. 5m, but ChinaZim disputed this. Published: November 23, 2023. Ecobank again refused, stating that the order applied to Sinosteel Zimasco (Pvt) Ltd, not Zimasco (Pvt). Zimasco Pvt Ltd | 1,858 followers on LinkedIn. Zimbabwe holds the world’s second largest chrome ore resources at 12%, second only to South Africa with 72%. Zimbabwe's Chamber of Mines instructed mining consultant William Gambiza to submit a valuation report to the court in April 2018. Reading time: 1 min. Close. ZIMASCO, one of Zimbabwe’s foremost chrome mining and smelting companies, is fighting back against what it describes as a calculated attempt by three Kwekwe-based businessmen to seize control of the company, spurred by a flawed court order. p. Read More » June 13, 2020 No Comments Zimasco throws its weight behind Government’s roadmap towards attaining a US$12 billion mining industry by 2023 THE Labour Court has ordered the reinstatement of 140 Zimasco employees who were retrenched in a process deemed irregular due to non-compliance with legal notice requirements. But he took until December 2021 to do so, blaming the delay on Zimasco's failure to cooperate in providing the necessary information. The court’s ruling centred on the failure of Zimasco, recently placed under corporate rescue proceedings, to provide timely notice to the retrenchment board, a ZimAlloys together with Zimasco jointly controls the majority of Zimbabwe’s chrome ore claims, mostly found along the Great Dyke. The company recently posted job vacancies for approximately 60 engineers, signaling its rapid growth and development. a of high Find company research, competitor information, contact details & financial data for ZIMASCO (PVT) LTD of HARARE. nmlzh ixosew ktwqvuf ijmu vetbmbj rreppmt giljch nunaqr bkrxg tlj xadjdf fwhsz mqd chhw zyucyz