Essar Steel Holdings

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Zimbabwe's Industry Minister Welshman Ncube says the delay in finalizing the ZISCO and Essar Africa Holdings deal is worrying the Zimbabwe Iron and Steel Company's Germany and Chinese creditors who should have started receiving their payments had the deal ...
May 28, 2012 at 19:49 | Source: Voice of America
The takeover was sealed with the official handover of the operation on August 3, 2011, on which day government and Essar Africa Holdings Limited jointly announced the launch of two entities, NewZim Steel Private Limited and NewZim Minerals Private Limited.
May 28, 2012 at 03:57 | Source: SteelGuru
After months of procrastinating, the Zimbabwe cabinet has resolved to press ahead with the $750 million Zimbabwe and Essar Africa Holdings deal, which was almost collapsing, by transferring mining claims to the Indian steel giant to save New Zimbabwe Steel ...
May 23, 2012 at 22:11 | Source: Voice of America
ESSAR Holdings, the majority shareholder in New- Zimsteel, has struck a deal to lease Zesa's Munyati power station to ensure reliable electricity supplies to its Redcliff steel plant, a Cabinet minister has said. Industry and Commerce Minister Welshman ...
May 17, 2012 at 12:17 | Source: AllAfrica.com
“We met and agreed that we will meet again soon and invite Essar Holdings management to a conversation on how we can ensure that the company operates smoothly,” Ncube told The Chronicle. “The issue is we transfer mining claims owned by NewZim Stee
May 23, 2012 at 15:37 | Source: New Zimbabwe.com
It is against this background that we seek to understand the delays over the implementation of the Essar Holdings deal in which Government sold 54 percent of its stake to the Indian firm for the resuscitation of Ziscosteel, now NewZim Steel. This is a ...
May 17, 2012 at 10:51 | Source: AllAfrica.com
NEWZIM Steel has suspended paying salaries to its workers amid indications Essar Africa Holdings has forked out millions in wages without production. It is understood that Essar is reluctant to continue pumping more money into NewZim Steel which is yet to ...
May 17, 2012 at 04:24 | Source: SteelGuru
(Economic Times) * Steel Authority Of India Ltd signed an agreement with ... that could be similar to the auction of oil and gas blocks. (Times of India) * Essar Oil reported a March quarter net loss at 5.15 billion rupees versus a net profit ...
May 14, 2012 at 03:38 | Source: Reuters
The government decided to disband Air Zimbabwe Holdings and constitute Air Zimbabwe ... The handling of the Essar deal in which the Indian company agreed to buy defunct steel-making giant Ziscosteel for about US$750 million, including inheriting its ...
May 24, 2012 at 09:38 | Source: Zimbabwe Independent
The rupee got a breather last week after the Indian central bank ordered exporters to convert half their dollar holdings into rupees ... is unlikely that the rupee will find any support soon. Essar (Group) is naturally insulated against the adverse ...
May 16, 2012 at 19:13 | Source: Livemint.com