Hwange Colliery of Zimbabwe Says Managing Director Moyo to Leave

Hwange Colliery Ltd. of Zimbabwe said Managing Director Fred Moyo will resign with effect from September to pursue personal business interests.

Moyo has been with Hwange for more than 25 years and was appointed to his present post in July 2007, the company said in an e-mailed statement today.

Hwange exports coal to neighboring countries and India, and provides the commodity for Zimbabwe Power Corp., a unit of state-owned power utility Zesa Holdings (Pvt) Ltd.

To contact the reporter on this story: Godfrey Marawanyika in Johannesburg at gmarawanyika@bloomberg.net

To contact the editor responsible for this story: Vernon Wessels at vwessels@bloomberg.net

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