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Five bid for ZISCO

Five companies including ArcelorMittal South Africa, the South African arm of the world’s largest steel producer and Jindal Steel and Power of India are bidding for a stake in the troubled Zimbabwe Iron and Steel Company (ZISCO), reports said today. The names of the other three could not be established. Six companies had previously submitted bids and they included Murray and Roberts of South Africa, Reclamation also of South Africa, Steel Makers Zimbabwe and the Gateway Consortium.


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