Zimasco Signs U.S.$12 Million Lease Agreement
At full throttle, Portnex International is expected to process 240 000 tonnes of raw chrome per annum which translates to 100 000 tonnes of ferrochrome over the same period. The country's biggest ferrochrome smelter and miner, Zimbabwe Mining and Smelting Company (Zimasco) has signed a $12 million lease agreement with South African based firm, Portnex International to operate its furnaces.
The five-year lease agreement has breathed life.... Read more »
Posted on : Saturday , 19th December 2015