Hwange Colliery posts $37mln FY14 loss

HARARE, April 1 (The Source) – Coal miner Hwange Colliery’s full year losses increased by nearly 16 percent to $37 million in the full-year to December 2014 on non-recurring items which cost the company $13 million. The company’s loss position, excluding non-recurring items was $23,7… Read More

Hwange local board in the red

VICTORIA FALLS, December 4 (The Source) – Hwange Local Board is owed over $1 million by residents and businesses in the coal mining town and is struggling to provide basic services, an official said on Wednesday. A government’s decree in July for local councils to… Read More