BACKGROUND
Hwange Colliery Company Limited “the Company” (formerly Wankie Colliery Company Limited) is incorporated in the Republic of Zimbabwe and has a primary listing on the Zimbabwe Stock Exchange and secondary listings on the Johannesburg and London Stock Exchanges.

BUSINESS
The Company’s principal activities are exploration, mining, processing of coal and the production of coke and related by-products in the north western part of Zimbabwe, Hwange District in the Matabeleland North Province. The Company is ISO 9001:2008 certified by the Standards Association of Zimbabwe (SAZ).

OPERATING ASSOCIATE AND JOINT VENTURE COMPANIES
Hwange Coal Gasification Company (Private) Limited Clay Products (Private) Limited Zimchem Refineries (Private) Limited

STRATEGIC PRIORITY AREAS
Hwange Colliery Company Limited’s current corporate objectives are:
(1) Grow revenues and return to business Profitability from the current loss position to US$9m per month by 2021
(2) Ensure Customer Service Excellence and increase sales volumes to 835 000 Tons per month by 2021
(3) Improve Business Operational Efficiency to US$35 per ton by 2021
(4) Ensure Adquate Systems and human capital capability to 5 236 tons per man per annum by 2021
(5) To achieve Safety, Health and Environment (SHE) excellence by maintaining lost time injury frequency rate
(LTIFR) at less than 3 and lost
time injury severity rate (LTISR) at less than 140;
(6) To adhere to Good Corporate Governance principles; and
(7) To develop and retain critical skills, competencies and employee motivation to maintain competitiveness.

VISION
To Be Number 1 In Coal Mining And Production Of Coal Related Products At The Least Cost In The Region.

MISSION STATEMENT
To Provide Competitive Coal And Coal Related Solutions To Our Customers Using Modern And Efficient Production Techniques

NATURE OF ACTIVITIES

The Company’s principal activities are
exploration, mining and processing of
coal and the production of coke and
related by-products in the north western
part of Zimbabwe, Hwange District in the
Matabeleland North Province. The Company
is ISO 9001:2008 certified by the Standards

AUDITORS

Grant Thornton Chartered Accountants
(Zimbabwe)
Camelsa Business Park
135 Enterprise Road, Higlands
P O Box CY 2619
Harare, Zimbabwe
www.grantthornton.co.zw

ATTORNEYS

Chihambakwe Mutizwa and Partners
Mawere Sibanda Legal Practitioners
Majoko and Majoko Legal Practitioners
Coghlan and Welsh Legal Practitioners

BANKERS

BancABC
Stanbic Bank Limited
Ecobank
CBZ

SHARE TRANSFER SECRETARIES

Corpserve (Private) Limited
2nd Floor, ZB Centre
Cnr Kwame Nkurumah Avenue/First
Street, Harare, Zimbabwe

CURRENCY OF FINANCIAL STATEMENTS
United States Dollar
Period of account: Year ended
31 December 2017

REGISTERED OFFICES
7th Floor, Coal House
17 Nelson Mandela Avenue
P. O. Box 2870
Harare, Zimbabwe
www.hwangecolliery.co.zw