Hwange under pressure from foreign-exchange effects
The group has legacy foreign debts of $20m, which weighed on its results in its six months to end-June
05 October 2020 - 08:54
Zimbabwean miner Hwange Colliery, which was placed under administration in 2018, swung into a first-half loss to end-June as it continueD to grapple with legacy US dollar-denominated debt.
The group, which mines and processes coal, coke and related by-products in the northwestern part of Zimbabwe, reported a net loss of ZWL992m in the six months to end-June from net profit of ZWL3.5m previously...
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