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Hwange Colliery Company (HCC), under administration due to debt, has reported the challenging economic environment in Zimbabwe, particularly the weakening Zimbabwean dollar (ZWL) against the US dollar. The company announced its mixed results for the quarter ended September 30th, 2023.
The revival of Hwange Colliery Company Limited (HCCL), Zimbabwe’s largest coal producer, seems to be taking longer than anticipated.
There was commotion in Parliament yesterday when members of the Parliamentary Portfolio Committee on Mines and Energy bickered among themselves on whether Hwange Colliery Company Limited shareholder Mr Nicholas Van Hoogstraten should give evidence.
Workers at Hwange Colliery were so emotional when they recently met Parliament’s Mines Portfolio Committee which is chaired by legislator Temba Mliswa.
Members of the parliamentary portfolio committee on Mines and Mining Development were on Friday left seething with anger after Hwange Colliery administrator Bekithemba Moyo and the management committee snubbed them during a visit to the coal miner.
Mines and Mining Development Minister Winston Chitando yesterday defended Government’s decision to place Hwange Colliery Company under the control of an administrator as there were no prospects of a turnaround amid rising debt.
Hwange Colliery Company Limited (HCCL) has finally climbed down from its hardline position to end a nearly 120-day long protest by wives of employees who were owed thousands of United States dollars in back pay.
Hwange Colliery Company Limited (HCCL) has suspended negotiations concerning a material transaction, which was going to have an effect on the price of the company’s shares, had it been concluded.
The chairman of the Parliamentary Portfolio Committee on Mines and Energy, Mr Temba Mliswa, has promised to take grievances raised by demonstrating wives of Hwange Colliery Company mine workers to Parliament and other relevant committees to try and find a lasting solution.
Hwange Colliery Company Limited (HCCL) has approached the High Court seeking an order directing acting Police Commissioner-General Godwin Matanga to deploy anti-riot police to eject people protesting at its premises.