Hwange Colliery

Zimbabwe is starring the possibility of crippling electricity shortages in the near future if the Reserve Bank Zimbabwe (RBZ) does not release funds requested by coal miners to import spare parts, it has emerged.
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Ailing coal mining giant Hwange Colliery Company Limited says it is now able to consistently pay workers’ salaries as it forges ahead with its turnaround strategy.
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By Blessings Mashaya Zimbabwe is importing coal from Mozambique for tobacco curing, Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has said. Speaking at the tour of Feruka in Mutare organised by Verify Engineering, Mangudya…
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By Dumisani Nsingo Coal-mining giant, Hwange Colliery Company Limited (HCCL) will this week introduce a short working programme where workers will work two weeks per month in all departments, effectively slashing their earnings by half…
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By Allan Seccombe |Business Day Live| Hwange Colliery, a major Zimbabwean coal supplier listed on the JSE, is in talks with its creditors to ease its crippling debt burden and is looking for further funding to bring the company out of…
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By Ndakaziva Majaka Troubled coal miner, Hwange Colliery Company Limited (HCCL), is set to retrench over 1 000 employees and dispose of its non-core assets in an effort to streamline operations, a Cabinet minister said. Finance…
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Troubled Hwange Colliery Company Limited (Hwange) is seeking a scheme of arrangement to reschedule its $310 million debt, as its going concern status remains under threat.
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By Prosper Ndlovu Ailing Hwange Colliery Company Limited (HCCL) lost up to $2 million in alleged stealthy payments for goods and supplies that were never delivered since 2012, an audit report has revealed. Despite facing…
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By John Kachembere Zimbabwe's largest coal miner, Hwange Colliery Company Limited (HCCL), has engaged financial services advisory firm, Brainworks Capital (Brainworks), to assist in debt restructuring and capital-raising initiatives.…
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By Tinashe Farawo Hwange Colliery Company has embarked on a restructuring exercise which has seen at least 55 senior and middle level managers losing their jobs in a move aimed at reducing the company’s wage bill. The coal mining…
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