Chrome: Zimbabwe Alloys ferrochrome producer approves investment for resuscitation
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Chrome: Zimbabwe Alloys ferrochrome producer approves investment for resuscitation
December 20, 2017

Zimbabwe Alloys (ZimAlloys) has approved a $100 million investment deal with Balasore Alloys Group, an Indian ferroalloys producer. The investment will settle ZimAlloys’ $50 million debt and work towards refurbishing and restarting the blast furnaces within the next 18 months. Roskill View: “Zimbabwe Alloys, formerly part of Anglo American, was Zimbabwe’s second largest ferrochrome producer[…]