Zimbabwe Alloys Secures US$60 Million Loan

Submitted by AA Zimbabwe on Thu, 2012-06-07 13:41

[The Herald]

Zimbabwe Alloys Ltd, the country's second largest ferrochrome producer, has secured US$60 million loan from Global Emerging Markets to rebuild its three furnaces, an official said yesterday. The reconstruction of the furnaces in Gweru -- about 275 kilometres west of Harare - has started, ZimAlloys chairman Mr Farai Rwodzi said in an interview. It will take up to 12 months for the refurbishment programme to be completed.

Source: 
http://allafrica.com/stories/201206070793.html