HWANGE Colliery Company (Hwange) has entered into an equipment mobilisation agreement for its underground mine that will result in the miner acquiring new equipment valued in excess of US$15 million over the next two years.
In a statement accompanying the financial results for the year ended December 31, 2021, Hwange’s acting managing director Blake Mhatiwa said the arrangement increases the volume of high value coking coal.
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HCCL reported a gross profit of $182 million for the year ended December 31, 2019, compared with a loss of $3,3 million the year before.
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