Mauritius’ ZimCoke to invest $75 mln in Zimbabwe's HCCL coke division

02/27/2019 8:47:00 AM (GMT)

Mauritian coke and related products maker ZimCoke Pvt Ltd. is close to providing up to $75 million in the coke division of Zimbabwe-based coal miner Hwange Colliery Co. Ltd. (HCCL) in a bid to enhance increased production.

ZimCoke is in final talks to acquire a coking plant within the steelmaking giant Ziscosteel, with renovations set to commence at the coking plant.

Recently, ZimCoke acquired a coke oven battery plant segment within Ziscosteel under a $133 million deal.

In addition, ZimCoke also announced plans to buy a $225 million credit owed by Ziscosteel to Germany lender KFW.

ZimCoke Pvt Ltd.

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