HWANGE Colliery Company Ltd has signed off-take agreements with two thermal power stations, which will see it supplying the firms with 400 000 tonnes of coal per month. The 25-year coal supply deals will see Hwange supplying more than 200 000 tonnes of coal per month each to the Zimbabwe Power Company and Lisulu Power, an independent power producer in the Matabeleland North Province, MD Mr Thomas Makore said. "We have already entered into a 25-year coal supply agreement with the two companies and we are in the process of finalising the contracts," said Mr Makore. The company is in the process of engaging a contractor to do exploration, Mr Makore said recently. Mota-Engil signed a five-year contract worth $260 million with Hwange in 2014 and was producing 200 000 tonnes of coal per month before it stopped in June last year over non-payment.

Source: The North Africa Journal April 19, 2017 23:03 UTC