Eddie Cross Claims Zimcoke Is Reviving ZISCO Steel

Zimcoke which is headed by Eddie Cross is reportedly trying to reviving ZISCO Steel, The Standard reports. This was revealed in an interview Eddie Cross had with The Standard.

Eddie reportedly said:

Their main task has been to stop the continuous theft of assets from the site. We have plant and equipment, scrap iron and cables.

They have cut grass and fire breaks to protect assets and conveyor belts from bush fires. We have also sorted out all spares on-site and have started to prepare the site for the arrival of contractors.

Offices have been renovated and we have had a succession of consultants on-site to look into what was needed to bring the plant back into production. All working drawings have been located and estimates of costs prepared. This has cost us close to US$1 million.

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In addition to the above, we have initiated discussions with banks and financial institutions on the needs for the company to undertake the rebuilding and all the investments required in support services, railways, water, electricity and coal.

Detailed discussions have been held on-site and at offices across the world, on how to approach the rebuild and all technical aspects. This will be followed by the negotiation of contracts for the work that is required.

Eddie’s comments come amid reports that Zimcoke grabbed machinery belonging to ZISCO Steel and president Mnangagwa knew about it and reportedly knew about it and turned a blind eye because he knew his friend would benefit from the deal.

More: The Standard