AGM to finalise sell of Hwange Town: Chitando

AGM to finalise sell of Hwange Town: Chitando

By Daniel Chigundu MINES and Mining Development Minister Winston Chitando says he expecting that the upcoming annual general meeting (AGM) of Hwange Colliery will finalise the sale of Hwange Town and houses as has been agreed. Hwange is currently saddled by a huge debt overhang that has seen it failing to attract investment or accessing loans for capitalisation from financing institutions both inside and out of the country. The debt has been affecting production as the company has no resources to purchase the much-needed equipment to up production, leaving it…

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Parliament waits on Mugabe …as US$15 billion probe intensifies

Parliament waits on Mugabe  …as US$15 billion probe intensifies

By Daniel Chigundu MINES and Energy Parliamentary Portfolio Committee chairperson Temba Mliswa has revealed that they are waiting on former President Robert Mugabe’s confirmation to attend the committee on Wednesday. The committee is currently carrying out a probe on the alleged missing US$15 billion which Mugabe claim was lost through shoddy dealings in the diamond mining sector. Already all the companies and officials who were directly or indirectly involved in the mining of the country’s diamonds at Chiadzwa have appeared before the committee and have given their sides of the…

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