Makomo, Zambezi Gas resolve concession dispute
Zambezi Gas and Makomo Resources have resolved a long-standing concession dispute the two Matabeleland North-based coal mining companies were embroiled in.
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Zambezi Gas and Makomo Resources have resolved a long-standing concession dispute the two Matabeleland North-based coal mining companies were embroiled in.
The Mining Affairs Board has finally settled the acrimonious coal claims dispute between Makomo Resources and Zambezi Gas, delivering a ruling in favour of the former as the rightful owners of the coal infested land.
Coal producer Makomo Resources says optimum pricing for its products is critical to meeting operational costs and increasing output to about 200 000 tonnes per month.
Makomo Resources yesterday said its mining operations in Hwange were not affecting anyone’s concession as it was extracting coal from land that acts as a boundary between Hwange Colliery company and Zambezi Gas that was duly granted to it by the Mining Affairs Board.
Hwange-based Zambezi Gas, a coal mining company, has appealed to the Temba Mliswa-led parliamentary panel to intervene so that it can get its land, which was allegedly grabbed by Zanu PF administration secretary Obert Mpofu’s Makomo Resources, back.
Mines and Energy portfolio committee chairperson Temba Mliswa has said Parliament will pressure the Zimbabwe Power Company to stop buying coal from Zanu PF administration secretary Obert Mpofu’s Makomo Resources.
Coal production at the country’s largest coal miner Makomo Resources has plunged as much as 36 percent since the beginning of the year as activity dropped due to a serious shortage of foreign currency to import spares, director Ray Mutokonyi said.
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.
About 200 miners were trapped underground while equipment worth thousands of dollars was damaged at Makomo Resources coal mine following heavy floods that hit Hwange district yesterday.
A daring suspected fraudster allegedly duped some church congregants of $165 in cash and cellphone handsets in front of police officers at the Hwange Police Station charge office.