Kuvimba pumps US$5m into ZimAlloys

KUVIMBA Mining House (KMH) has pumped US$5 million into Zimbabwe Alloys (ZimAlloys), one of the country’s biggest producers of ferrochrome, as management works round the clock to resuscitate the firm.

The company has three furnaces at its Gweru smelting complex with a combined installed capacity of 120 000 tonnes per annum.

“For ZimAlloys, you are aware was in judicial management and it has just come out of judicial management and this is the second year and what we want to do in line with the mining industry objective and strategic focus is to make sure that we beneficiate,” KMH chief finance officer Innocent Rukweza told NewsDay Business.

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