Announcement

Friday, May 7, 2010

Zambia rejects bids of JSPL and ArcelorMittal for Ziscosteel

BS reported that Jindal Steel & Power Ltd’s attempt to acquire the Zimbabwe Iron & Steel Company has failed as the Zimbabwe government has decided not to sell the ailing company to large corporations such as JSPL and ArcelorMittal.

Local newspapers quoted Mr Welshman Ncube industry

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