ZimAlloys fund-raises to restart its furnaces

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GWERU-based ferrochrome processor Zimbabwe Alloys (ZimAlloys) says it requires US$16.3 million to restart two of its biggest furnaces. Managing director, Deric Dube, recently told The Financial Gazette that the funds would be raised through a phased approach. “At the moment, we don’t have virgin ferroalloy production; the ferroalloy that we trade and produce at the…