The government has issued US$112m worth of Treasury Bills to settle debts owed by Hwange Colliery Company (HCCL), Business Times reported.Government is the biggest shareholder in HCCL with a 37% stake...
By Staff reporter | Published: 02 June 2022
SUBDUED power generation at Hwange Power Station is contributing to prolonged load shedding as only four units out of six are operating, general manager for the plant, Engineer Arnold Chivurayise, has...
By Staff reporter | Published: 22 October 2019
WORK on the expansion of the Hwange Power Station Stage 7 and 8 expansion is on track with 26 percent ground work having been covered so far, Sunday Business has learnt.The Government contracted Chine...
By Staff reporter | Published: 22 October 2019
The Hwange Thermal Power Station expansion project is now 21 percent complete, with the first unit set to be commissioned by the end of the first quarter next year. This was said by Finance and Econom...
By Staff reporter | Published: 17 October 2019
HWANGE Colliery Company Limited (HCCL) is on the rebound after posting a profit of $3,5 million in the first half of 2019, recovering from a loss of $23 million recorded in 2018.The troubled firm had ...
By Staff reporter | Published: 11 October 2019
Zimbabwe Miners' Federation (ZMF) president Henrietta Rushwaya has lost the presidency of the small-scale miners' body after her appeal was dismissed by the Supreme Court. Ms Rushwaya had earlier been...
By Staff reporter | Published: 03 July 2019
ZIMBABWE Miners Federation (ZMF) president Henrietta Rushwaya is facing another court challenge after the Zvishavane-Mberengwa Mining Association (ZMMA) filed an urgent chamber application seeking to ...
By Staff reporter | Published: 30 April 2019
A FORENSIC audit on Hwange Colliery Company Limited (HCCL) has unearthed serious irregularities, where a haulage company owned by Shepherd Tundiya diverted about 1 003 tonnes of coal meant for the Zim...
By Staff reporter | Published: 24 April 2019
Tetrad Investment Bank, which is under provisional judicial management, has petitioned the High Court seeking the incarceration of Kadoma gold miner, Jameson Rushwaya over a $174 000 debt.Through its ...
By Staff reporter | Published: 06 February 2019
The actual construction works for Zesa's US$1,4 billion Hwange Power Station (HPS) 7 and 8 extension project have started, giving hope the project will be completed within time and original budget, a ...
By Staff reporter | Published: 04 February 2019
THE Zimbabwe Stock Exchange (ZSE) says it will engage suspended Hwange Colliery Company Limited (HCCL) in an effort to set a new course for the troubled miner.HCCL was suspended from the ZSE last Nove...
By Staff reporter | Published: 25 January 2019
BRAVE vendors operating from Nkulumane bus terminus have emerged as heroes after repelling violent protestors who wanted to loot shops at Nkulumane Shopping Complex in Bulawayo on Monday and Tuesday. ...
By Staff reporter | Published: 19 January 2019
The Zimbabwe Power Company intends to spend more than $500 million rehabilitating Hwange Power Station units 1 to 5 to guarantee reliability and extend its lifespan by between 15 to 20 years. The proj...
By Staff reporter | Published: 30 December 2018
Hwange Colliery Company Limited (HCCL) scheme of arrangement chairperson has challenged the Justice ministry's move to place the coal mining company under reconstruction.Chairperson Andrew Lawson has ...
By Staff reporter | Published: 16 December 2018
HWANGE Power Station units 7 and 8 expansion project, launched by President Mnangagwa at the beginning of August this year, has commenced with a number of civil works now underway. The project will co...
By Staff reporter | Published: 07 December 2018
BRITISH businessman Nicholas van Hoogstraten yesterday opened up to journalists on the demise of Hwange Colliery Company Limited, saying it was being run down by corruption and financial mismanagement...
By Staff reporter | Published: 04 December 2018
ZANU-PF legislators in the Mines and Energy Parliamentary Portfolio Committee yesterday disrupted oral evidence by British businessman and Hwange Colliery Company (HCCL) shareholder Nicholas Van Hoogs...
By Staff reporter | Published: 04 December 2018
British businessman Nicholas van Hoogstraten, says he is going to challenge the reconstruction of Hwange Colliery Company Limited (HCCL). Van Hoogstraten holds a 31 percent shareholding in HCCL. In Oc...
By Staff reporter | Published: 04 December 2018
The government has finally applied for a court order to place Hwange Colliery Company Limited (HCCL) under administration, almost a month after announcing that the giant miner had been put under recon...
By Staff reporter | Published: 25 November 2018
The Affirmative Action Group (AAG) has written to the new Hwange Colliery Company(HCCL) administrator Bekithemba Moyo seeking audience with him over the unpaid employees.Employees are reportedly owed ...
By Staff reporter | Published: 21 November 2018
Work to widen and upgrade the Beitbridge-Masvingo highway has finally begun in Chivhu with graders and earthmoving equipment now busy carrying out detour works on the first 10 kilometer stretch.The pr...
By Staff reporter | Published: 20 November 2018
MINES minister Winston Chitando yesterday told Parliament that he was not afraid of what would come out from the forensic audit on Hwange Colliery Company, saying that it must proceed to its conclusio...
By Staff reporter | Published: 20 November 2018
CHAIRPERSON of the Parliamentary Portfolio Committee on Mines, Temba Mliswa has accused some Zanu PF MPs in his committee of trying to throw spanners and scuttle efforts to investigate alleged underha...
By Staff reporter | Published: 19 November 2018
A FORENSIC auditor engaged by Hwange Colliery to investigate financial impropriety has fingered Mines and Mining Development minister Winston Chitando, who he said was likely in cahoots with shady cha...
By Staff reporter | Published: 15 November 2018
IN the aftermath of the recent general elections which gave him some semblance of political legitimacy, albeit a hotly-disputed presidential poll, President Emmerson Mnangagwa is now making bold yet r...
By Staff reporter | Published: 21 September 2018
Concern over Masvingo black market 
Kenya declares three days of mourning for Mugabe 
UK's Boris Johnson quits over Brexit stretegy 
SecZim licences VFEX 
Zimbabwe abandons debt relief initiative 
European Investment Bank warms up to Zimbabwe 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
