Essar to process Zimbabwe iron ore if it decides to export

Essar Africa Holdings Ltd., a unit of Essar Group, said it will process Zimbabwean iron ore before exporting it through a terminal it may build in Mozambique's port city of Beira. In March, Essar agreed to buy control of the steel and mining assets of the state-owned Zimbabwe Iron & Steel Co., known as Zisco.

On Monday Essar Group said it plans to acquire more coal and iron ore assets in Indonesia, Australia and Africa as it seeks to meet robust demand in India.

Businessweek reports: