RESUSCITATION OF UNDERGROUND MINING OPERATIONS

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Media Brief from the Hwange Colliery Company Limited Managing Director Engineer Thomas Makore

HWANGE COLLIERY COMPANY LIMITED
RESUSCITATION OF UNDERGROUND MINING OPERATIONS
The strategic turnaround of Hwange Colliery Company Limited continues and is gathering momentum with the coal mining giant receiving one of the key machines for its underground mining operations. The equipment was delivered at the mine on Sunday, 13 August 2017.The delivery of the coal extraction machine, acronym CM for Continuous Miner, is a major milestone.

The Continous Miner is the coal extraction machine which works with other machines during production. Delivery of the other machines is expected in the next six weeks. Barring any delays, production is expected to commence in the last quarter of the year. Underground mining operations will enhance the product mix offering of Hwange Colliery, thereby improving the overal profitability and quality of the revenue. “Underground mining is where we produce high value coking coal, so it will be a good addition to our product mix. It will improve our profitability and add to our volumes,” said Engineer Makore.

Hwange Colliery’s export quality coking coal will contribute to the company’s foreign currency revenues. Hwange Colliery’s turnaround strategy is anchored on increasing production and sales as it takes advantage of the recently approved Scheme of Arrangement. The company will continue on this path to make sure that it turns its fortunes and builds on its rich legacy of successful and sustainable operations for over 115 years.

Recently the coal miner selected a European Company to conduct exploration and drilling at its new concession in Western Areas in Hwange.
Managing Director Mr Thomas Makore revealed that the company has finished the selection process and is finalising the contract. The new
concessions have an estimated underground resource of about one billion tonnes according to preliminary reports.

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