Hwange expects to return to profit in second half

June 30, 2017

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Zimbabwe coal producer Hwange Colliery expects to return to profit in the second half, for the first time since the country dumped its currency for the US dollar in 2009, as it triples output, its chairperson said. Hwange, in which the government is the biggest shareholder with a 37% stake, is Zimbabwe’s second-largest coal producer and supplies coke to State-owned electricity generating firm Zimbabwe Power Company.

Category: General