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Russian investors to set-up locomotive plant in Zimbabwe
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Hwange Local Board Embarks On-Door-To-Door Debt Collection
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By Staff Reporter
Nyazura: The locomotive which derailed and killed an engineman between Tsungwesi and Tikwiri between Mutare and Harare recently was on a hire from a South African company Traxtion Sheltam.
Two fitters from Traxtion Sheltam who were seconded to National Railways of Zimbabwe (NRZ) to service the engines were seriously injured during the accident.
The South African hired locomotive was pulling 22 wagons with 800 tonnes of chrome ore to Port City of Beira in Mozambique.
The ore belonged to Zimasco which had hired the locomotive and the wagons.
The engineman died on the spot after he was trapped in between the wagon while the NRZ guard was injured.
It’s nearly two decades now with the Government trying to resuscitate the Zimbabwe Iron and Steel Company (zisco), which at some stage, was among Africa’s largest steel mills.
Since 2006, several offers for zisco were made by global steel giants including Essar Holdings, Jindal Steel & Power and Global Steel Holdings of India, but all collapsed partly due to lengthy approval processes.
zisco, a major foreign currency earner before independence in 1980, hasn’t produced since 2008 and its demise is largely blamed on mismanagement and lack of funds to upgrade the aging equipment. The plant had the capacity to produce one million tonnes of steel per year.
The long journey of Zisco revival
Business Reporter
It’s nearly two decades now with the Government trying to resuscitate the Zimbabwe Iron and Steel Company (zisco), which at some stage, was among Africa’s largest steel mills.
Since 2006, several offers for zisco were made by global steel giants including Essar Holdings, Jindal Steel & Power and Global Steel Holdings of India, but all collapsed partly due to lengthy approval processes.
zisco, a major foreign currency earner before independence in 1980, hasn’t produced since 2008 and its demise is largely blamed on mismanagement and lack of funds to upgrade the aging equipment. The plant had the capacity to produce one million tonnes of steel per year.
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