Business / Companies
Hwange Colliery of Zimbabwe to export 50 000 metric tonnes of coal to SA
22 Jun 2015 at 03:22hrs | Views
Hwange Colliery of Zimbabwe plans to export 50 000 metric tons of coal to South Africa this year and it's gauging interest from buyers in Europe and Asia, the head of the company said.
"We are looking at Eskom, but the problem is the issue of price and logistics in terms of how to transport" the coal, Managing Director Thomas Makore said on Thursday in an interview at his office in Hwange, 730km west of the capital, Harare.
"We are targeting Eskom, steel and the chrome industries in South Africa," said Makore. "There is also interest from a number of countries in Europe; there is Turkey, Germany and there is also India."
fin 24 reported that the company plans to mine 500 000 tons of coal, of which about 200 000 tons will be produced by Mota Engil of Portugal.
In March, Hwange Colliery signed a contract to supply 9 000 tons of coke to Glencore(JSE-GLN). The company is also taking steps to move into coal liquids, diesel and ammonium nitrate.
"Our production for this year is better than 2014, our sales are better than 2014," said Makore.
"We are looking at Eskom, but the problem is the issue of price and logistics in terms of how to transport" the coal, Managing Director Thomas Makore said on Thursday in an interview at his office in Hwange, 730km west of the capital, Harare.
"We are targeting Eskom, steel and the chrome industries in South Africa," said Makore. "There is also interest from a number of countries in Europe; there is Turkey, Germany and there is also India."
fin 24 reported that the company plans to mine 500 000 tons of coal, of which about 200 000 tons will be produced by Mota Engil of Portugal.
In March, Hwange Colliery signed a contract to supply 9 000 tons of coke to Glencore(JSE-GLN). The company is also taking steps to move into coal liquids, diesel and ammonium nitrate.
"Our production for this year is better than 2014, our sales are better than 2014," said Makore.
Source - online
