Zimbabwe colliery to sell coal to Glencore
Zimbabwe coal producer Hwange Colliery Co. is negotiating to supply coal and coke to Glencore.
Managing Director Thomas Makore said: “Discussions are happening right now with Glencore to supply coal and coke and we want to reach a conclusion by the end of this month.
“Exports would then start thereafter. What motivated us to talk to Glencore is that they are a very big coal supplier and producer and it made sense to engage them”.
Quantities have not yet been disclosed.
Hwange currently produces approximately 300 000 t/month of coal. However, output is likely to increase in May, when the company expects to commission new mining equipment on the back of US$33 million in loans from the Central Bank and India Export and Import Bank.
The company is the biggest supplier to state-owned electricity producer Zimbabwe Power Company, and also exports approximately 5000 t/month of coal to South Africa, where it is used to make steel.Edited from various sources by Emma McAleavey.
Read the article online at: https://www.worldcoal.com/coal/24022015/hwange-colliery-to-supply-glencore-1961/
