Power producer ZPC owes $25 million to coal miner Makomo Resources
8 years agoWed, 09 Nov 2016 07:38:43 GMT
Zimbabwe’s largest coal producer, Makomo Resources is facing viability challenges due to the debt of $25 million that they are owed by electricity producer, Zimbabwe Power Company (ZPC)
In an interview, Makomo Resources general manager, Mr Samson Mabvira, told the Chronicle that:
Right now it is around $25 million that we are owed by ZPC. And when you are owed that kind of money, then you start prioritising on the limited resources which are coming our way to focus on mining and making the coal available to the nation.
More: Chronicle
