Zimbabwe’s largest coal producer, Makomo Resources, was ordered 15,000 metric tons of a variety of the fuel by Europe.
Finance director, Tenai Mungoni, said the coal will be shipped next month, without naming its final destination saying it was confidential, Bloomberg said. The coal will pass through the Beira port in Mozambique. However, the company is still negotiating with its authorities to this end.
“The inquiries we’ve had are as a result of the recovery in coal prices internationally and to date, we’ve had two firm orders from Europe,” Mr Mungoni said.
Let’s recall that last October, the firm got from the government of Zimbabwe the construction license for the Hwange coal-fired plant. The 660 MW infrastructure will consist of two 330 MW units, and help reduce national power deficit.
Makomo Resources produces 160,000 tons of coal each month, which it sells mostly to Zimbabwe Power Co, Zambian Breweries and traders in DR Congo. It aims to increase this output to 300,000 tons.
Louis-Nino Kansoun
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...
Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...
Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...
Gabon's 7% 2031 Eurobond posted its biggest single-day drop in a year on Wednesday after a new I...
Sassou-N'Guesso sworn in for new five-year presidential term Won 94.8% vote; opposition contests election transparency Pledges reforms amid economic...
Nigerian airlines warn of flight suspensions over soaring jet fuel Kerosene prices jump nearly 300%, far above global increases Supply risks, high...
Central African Republic plans fuel corridor via Congo’s Pointe-Noire Project aims to diversify supply beyond Douala route dependence Structural,...
Burkina Faso to nationalize Sofitex, buying remaining private shares Company valued at 338 billion CFA francs amid high debt Move aims to boost cotton...
Lomé is hosting the 9th edition of the International Film Festival of Togo (FIFTO) featuring 33 films. The event promotes African storytelling in...
Fally Ipupa plans a two-part album project combining urban sounds and traditional rumba. The first album “XX” releases on April 17, while “XX Delirium”...