HomeLocal NewsHwange Colliery acquires US$31m worth of equipment

Hwange Colliery acquires US$31m worth of equipment

HWANGE Colliery Company will be taking delivery of equipment from Belarus worth US$18,2 million which is expected to land at the South African eastern seaboard port City of Durban tomorrow, businessdigest has learnt.

Kudzai Kuwaza

The shipment is a result of two capitalisation transactions, which are vendor-financed for a total of US$31,2 million.

The shipment from Belarus is the PTA bank-funded US$18,2 million Belaz facility. The other transaction will be the India Exim Bank funded US$13,03 million BEML facility. HCC will take delivery of all the equipment by April this year.

HCC MD Thomas Makore confirmed that the equipment from Belarus was expected tomorrow.

“Depending on the shipping variables, the equipment will land either on Saturday (tomorrow) or Sunday,” Makore said.

Among the equipment expected to land tomorrow from Belarus are 10 dump trucks, five front end loaders and two wheel dozers.

Equipment expected under the BEML facility include two excavators, two water bowsers, three front end loaders, three bull dozers and three drill rigs.

The mining company confirmed that it has also engaged a contractor to produce 20 000 tonnes of coal monthly from its open cast operations at Chaba to mitigate production constraints.

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