Published: 01 August 2013

Hwange Colliery's bid to bar its business partner, a Chinese-owned firm, Hwange Coal Gasification Company, from selling coal stocks and coking oven battery hit a snag recently after High Court judge Justice Joseph Mafusire dismissed the application.

Hwange had made the application seeking an anti-dissipation interdict arguing "a free-for-all situation" obtaining in the Coal Gasification Company would result in the dissipation of its assets.

Hwange Colliery Company holds a 25% stake in the firm while the latter owns 75%.

However, Justice Mafusire said the move by Hwange Colliery Company would cripple the Coal Gasification Company.
- newsday

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