Gweru-based giant ferrochrome producer, Zimbabwe Alloys, under judicial management by Grant Thornton International, is expected to start operating in the next 18 months after its creditors approved a $100 million investment deal with Indian Investor, Balasore Alloys Group.
In an interview, ZimAlloys judicial manager Reggie Saruchera, said the company had met its creditors and unveiled the new investor after which the creditors approved the proposed deal that will see the Indian company injecting $100 million into the chrome smelting company.
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