Categories: Stories

Makomo doubles coal output

Makomo Resources says production at its Hwange mine has recovered to a static 150,000 tonnes per month from June to August, following a slow start to the year.

The coal miner produced an average of 80 000 tonnes in the first quarter of the year, recovering to 140 000 tonnes in May.

“Our production is now consistent at 150 000 tonnes per month and we were producing the same last year. The market is not picking up and our supply is the same,” operations manager Kudakwashe Nyabonda said.

“Unless our biggest buyer ZPC (Zimbabwe Power Company) increases its coal demand, our production will remain at 150 000 tonnes a month,” said Nyabonda.

Makomo supplies about 85 percent of it’s total production to ZPC which uses between 3 000 and 4 000 tonnes of coal per day and requires around 120 000 tonnes per month.

Nyabonda said the company also supplies tobacco farmers and industries while exporting one percent of its production.

The coal miner expects to reach 1.5 million tonnes by the end of the year.- The Source

(68 VIEWS)

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

ZiG loses steam, falls against US dollar for five consecutive days

The Zimbabwe Gold fell against the United States dollar for five consecutive days from Monday…

November 22, 2024

Indian think tank says Starlink is a wolf in sheep’s clothing

An Indian think tank has described Starlink, a satellite internet service provider which recently entered…

November 18, 2024

ZiG firms against US dollar for 10 days running but people still do not have confidence in the currency

Zimbabwe’s new currency, the Zimbabwe Gold (ZiG), firmed against the United States dollars for 10…

November 16, 2024

Zimbabwe among the top countries with the widest gap between the rich and poor

Zimbabwe is among the top 30 countries in the world with the widest gap between…

November 14, 2024

Can the ZiG sustain its rally against the US dollar?

Zimbabwe’s battered currency, the Zimbabwe Gold, which was under attack until the central bank devalued…

November 10, 2024

Will Mnangagwa go against the trend in the region?

Plans by the ruling Zimbabwe African National Union-Patriotic Front to push President Emmerson Mnangagwa to…

October 22, 2024