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Nov 10, 2014· Hwange Colliery Co. plans to ask shareholders for more money asZimbabwe’s second-biggestcoalproducer seeks to restructure $70 million in debt and struggles to pay employees because of a …

THE Hwange Colliery Company Limited urgently requires a cost recovery review to remain viable and to supply enoughcoalfor generation, a report by a parliamentary committee shows.

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AfricaMoyo DeputyNewsEditor Zesa Holdings says it lost about 632 gigawatt hours (632 million consumer units) worth US$54 million last year due to bad qualitycoal, a claim rejected by theCoalProducers Association.. Zesa adds that a further US$1,5 million was spent on diesel, while about US$1 million was given to contractors to repair equipment damaged by poorcoal.

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