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February 13, 2016 11:25 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Hwange Colliery Company Limited

Company Overview

Hwange Colliery Company Limited explores for, mines, processes, and markets coal, coke, and related by-products in Zimbabwe and Sub Saharan Africa. It operates the Hwange Coalfield located in the north-western corner of Zimbabwe, as well as the Chaba Mine. Hwange Colliery Company Limited is based in Harare, Zimbabwe.

Coal House

7th Floor

17 Nelson Mandela Avenue

PO Box 2870



Key Executives for Hwange Colliery Company Limited

Hwange Colliery Company Limited does not have any Key Executives recorded.

Hwange Colliery Company Limited Key Developments

Hwange Colliery Company Limited Appoints Jemister Chininga as New Board Chairman

Hwange Colliery Company Limited announced the appointment of Mr. Jemister Chininga as the new Board Chairman effective October 15, 2015. Jemister has been a Non Executive Director of the company since August 2011. He is an accomplished Business Executive and strategist with vast technical knowledge and management experience spanning across both the private and public sectors of the economy.

Hwange Colliery Company Limited Announces the Resignation of Farai Mutamangira as Chairman

THE board chairman of Hwange Colliery Company Limited Farai Mutamangira has stepped down after a mutual deal with the Minister of Mines and Mining Development Walter Chidhakwa.

Hwange Colliery Company Limited Announces Unaudited Earnings Results for the Six Months Ended June 30, 2015

Hwange Colliery Company Limited announced unaudited earnings results for the six months ended June 30, 2015. For the six months, the company reported revenue of USD 35,349,513 against USD 39,868,795 a year ago. Operating loss was USD 19,506,803 against USD 7,632,349 a year ago. Loss before tax was USD 20,727,647 against USD 8,714,732 a year ago. Loss for the period was USD 15,614,229 against USD 7,880,393 a year ago. Basic and diluted attributable loss per share was USD 0.08 against USD 0.04 a year ago. Headline loss per share-basic and diluted was USD 0.09 against USD 0.04 a year ago. Net cash utilized in operating activities was USD 265,257 against net cash generated from operating activities of USD 5,437,451 a year ago. Purchase of property, plant and equipment was USD 30,804,938 against USD 1,086,072 a year ago.

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