Makomo output drops 27%

COAL miner, Makomo Resources, has reported a 27 percent drop in production for the first nine months of 2019, attributed to procurement gaps as a result of a shortage of foreign currency. The Hwange-b...

By Staff reporter | Published: 01 October 2019


Makomo Resources hit by forex shortages

COAL miner Makomo Resources is only getting about 50% of its foreign currency requirements for the importation of critical inputs like spares, a situation that has crippled its production, an official...

By Staff reporter | Published: 28 September 2019


Makomo Resources seeks US greenlight

COAL miner Makomo Resources says its output could increase significantly if the government allows the company to retain 100% of the revenue generated from exports.Director Raymond Mutokonyi told busin...

By Staff reporter | Published: 03 May 2019


Makomo coal output plunges in Q1

Coal miner, Makomo Resources, says production in the first quarter of the year remained subdued, with output only reaching half of the company's target due to the unavailability of key raw materials."...

By Staff reporter | Published: 02 May 2019


New twist to Makomo, Zambezi Gas coal field feud

The coal claims feud pitting Zambezi Gas and Makomo Resources has taken a new twist, amid reports that there may have been an "error" in the former's special grant.Zambezi Gas says its special grant g...

By Staff reporter | Published: 25 November 2018


Makomo dismisses encroachment claims

Makomo Resources yesterday said its mining operations in Hwange were not affecting anyone's concession as it was extracting coal from land that acts as a boundary between Hwange Colliery company and Z...

By Staff reporter | Published: 21 November 2018


New machinery set to move mountains for Makomo

PRIVATE Hwange coal miner, Makomo Resources, says it expects to ramp up its production in the third quarter of this year to surpass last quarter's figures by 50% following acquisition of new machinery...

By Staff reporter | Published: 20 July 2018


Zambezi Gas, Makomo brawl over claims

ZAMBEZI Gas, a coal mining firm in Hwange, is breathing fire over its loss of 11 720 hectares of land allegedly to Makomo Resources under unclear circumstances.Owned by locals, some of whom have opera...

By Staff reporter | Published: 13 June 2018


Makomo coal production dips by 37%

COAL miner Makomo Resources says production at its Hwange mine has plummeted by 38% in year-to-date due to machinery breakdowns and shortage of foreign currency.Makomo managing director Raymond Mutoko...

By Staff reporter | Published: 02 May 2018


Forex shortages stunt Makomo

Foreign Currency shortages are stunting Makomo Resources' growth plans to double its coal production in what could spur the coal mining company's footprint on the local market. Makomo is one of the co...

By Staff reporter | Published: 02 May 2018


Makomo battling $10m forex hole

Coal production at the country's largest coal miner Makomo Resources has plunged as much as 36 percent since the beginning of the year as activity dropped due to a serious shortage of foreign currency...

By Staff reporter | Published: 26 March 2018


Makomo exports increase in Q2

Makomo Resources Limited, Zimbabwe's largest coal miner said exports peaked during the second quarter, largely driven by high demand from the regional countries.Coking coal and washed peas exports ros...

By Staff reporter | Published: 05 September 2017


Makomo Resources expects rise in production

MAKOMO Resources Limited has started commissioning its coal washing machine, with production expected to rise three-fold, a senior company official said last week.The coal washing plant is a facility ...

By Martin Kadzere | Published: 21 July 2014


Makomo plans $1,5bn power plant

Makomo Resources (Pvt) Ltd, Zimbabwe's largest coal producer by output, said it plans to spend $1,5 billion on a 600-megawatt power plant and will also start exporting coal to steelmakers in southern ...

By Bloomberg. | Published: 21 July 2014


Makomo overtakes Hwange in coal production

Four-year-old Makomo Resources in 2013 overtook Hwange Colliery Company Limited (HCCL) to become the biggest coal miner in the country, latest data from the Chamber of Mines shows.Owned 60 percent by ...

By New Ziana | Published: 02 July 2014


Makomo Resources to build a 600MW plant

MAKOMO Resources, Zimbabwe's second largest coal miner, intends to build a 600 megawatt plant in Hwange as early as next year, adding to the national power grid while work on the Kariba South Power St...

By Martin Kadzere | Published: 30 June 2014

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