Source: Coal miner Hwange signs 25-year deals – DailyNews Live
BUSINESS WRITER 20 April 2017
HARARE – Zimbabwe’s largest coal miner, Hwange Colliery Company Limited
(Hwange), has signed two 25-year coal supply agreements with two local
companies.
The initiatives will see the company supplying more than 400 000 tonnes of
coal per month to State-owned Zimbabwe Power Company and independent
electricity producer Lusulu power.
Hwange managing director Thomas Makore yesterday said the new deals were
part of the company’s turnaround strategy.
“We have already entered into a 25-year coal supply agreement with the two
companies and we are in the process of finalising contracts,” he said.
In 2015, the government granted the company three new concessions in
Western area, Lubimbi East and West following concerns that Hwange’s
present concessions were running out.
The listed coal producer’s medium-term strategic plans also include the
replacement of its coke oven battery which will also supply coke oven gas
as fuel substitute for diesel to Hwange Power Station as well as supply of
tar and benzole products to Zimchem.
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