Legacy debts weigh on Hwange Colliery

COAL miner Hwange Colliery Company’s (Hwange) inflation adjusted profit was down by 74 percent to $1,6 billion during the year to December 31, 2020, weighed down by an exchange loss of $1,4 billion on legacy foreign creditors. The company’s revenue, however, increased by 13 percent to $4,47 billion. “This was due to a combination of…

Subscribe to read full article. Subscribe today

Related posts

‘Financial crimes on the increase’

Zim taps into call centre business

Mining cadastre system nears completion

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More