Bloomberg News

Hwange Colliery of Zimbabwe Ships 60,000 Tons Coal to India

May 10, 2012

Hwange Colliery Ltd. (HWANGE) of Zimbabwe started transporting coal to Mozambique that will eventually be shipped to India, a company spokesman said.

“We have started overland shipments to Beira,” Basil Dube said today in an interview on the sidelines of a Chamber of Mines meeting in Victoria Falls, west of Harare, the capital. “As of yesterday we have moved 48,000 tons.”

The company plans to ship 60,000 metric tons of coal to India and is using the National Railways of Zimbabwe to get the product to Mozambique, Dube said.

Hwange is exporting as its main consumer, Zimbabwe Power Corp., a wholly owned unit of the state-owned Zesa Holdings (Pvt) Ltd., has enough stocks until August and is receiving 5,000 tons of coal a day, Dube said.

Hwange is also in talks to sell coal to China, Dube said. “The logistics have yet to be finalized, but we hope this can be concluded soon,” he said.

To contact the reporter on this story: Godfrey Marawanyika in Johannesburg at gmarawanyika@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net


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