ON one chilly morning in July last year, three men walked into Zimasco’s Harare offices. They wanted to see the man in charge and had a business proposal.

Corporate vultures are circling around Zimbabwe Mining and Smelting Company (Pvt) Ltd (Zimasco) with a view to effect a hostile take-over of the integrated ferrochrome company in the country, businessdigest can reveal.

[Ferro-Alloys.com]Spot prices and futures prices of chrome ores remained strong. South Africa concentrate 40-42% at RMB32-33/mtu,

[Ferro-Alloys.com]China's ferrochrome prices remained stable, waiting for the new tender prices from stainless steel mills. China's monthly imported ferrochrome totals around 0.3 million tonnes in both June and July,

In July, 2016, about 23 countries imported EMM from China, about 26,639.9mt, fell by 17% M-o-M, and the export amount was about 41,152,788U.S.dollars.

[Ferro-Alloys.com]According to China Customs data, China's imported ferrochrome in July totals more than 0.34 million tonnes, hitting record high, which results in the continuous decline in the tender prices from stainless steel mills.

[Ferro-Alloys.com]Spot prices and futures prices of chrome ores remained strong. South Africa concentrate 40-42% at RMB32-33/mtu,

[Ferro-Alloys.com]Impoted chrome ore prices and China's port chrome ore prices surged despite the stock increased. Spot price of Iranian origin chrome ore lumpy 40-42% is RMB47-48/mtu,