$20m scandal at Hwange Colliery
Hwange Colliery Company was allegedly prejudiced of about $20 million after management failed to account for stock piled coal worth about $13 million.
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Hwange Colliery Company was allegedly prejudiced of about $20 million after management failed to account for stock piled coal worth about $13 million.
A showdown is looming between suspended Hwange Colliery Company Ltd managing director Thomas Makore and the board after he denied claims he had resigned.
Hwange Colliery Company Limited (HCCL) is in the spotlight again following last week’s suspension of its managing director, Engineer Thomas Makore, who is accused of insubordination and unethical conduct including corruption.
Hwange Colliery Company has suspended its managing director Thomas Makore to facilitate an investigation into allegations of insubordination, sources have revealed.
Zimbabwe’s biggest coal miner, Hwange Colliery Company (HCC), has slashed prices in a bid to combat massive deforestation around the country.
Hwange Colliery Company Limited is targeting to export coking coal to South Africa and overseas markets once it starts processing coal from underground operations expected to resume before the end of the year.
Disgruntled Hwange players have asked for an audience with club president and managing director of Hwange Colliery Company Thomas Makore following the shock sacking of head coach Nation Dube and his assistant Mebelo Njekwa.
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.
By Martin Kadzere Hwange Colliery Company Limited is seeking to raise up to $15 million to fund its short term capital needs after its creditors agreed to enter into structured payment plans with the coal miner, managing director Mr Thomas Makore said. Hwange Colliery held a creditors’ scheme of arrangement meeting last week where 88 […]
Tri-listed coal miner, Hwange Colliery Company Limited (HCCL), has put on hold the process to select a contractor to resuscitate its underground operations, closed three years ago, saying it was expensive to outsource, the Financial Gazette’s Companies & Markets (C&M) has learnt. Several bidders, whose identities could not be immediately established, were vying to win […]