India’s Essar to invest $750m in Zisco

[miningmx.com] — India’s Essar Africa will inject an initial $750m to retart production at Zimbabwe’s state steel firm Zisco, Zimbabwe’s industry minister said on Wednesday.

“Essar will complete all work in regards to resuscitation of Zisco. The initial investment for this phase will amount to $750 million,” Industry and Commerce Minister Welshman Ncube said at a signing ceremony for the deal.