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Hwange Colliery Company Limited reported a revenue increase of 139.76% to ZWL77.73 billion for the year ended December 31, 2022, driven by strong demand for coal despite facing challenges with input costs and profitability. The company incurred a loss of ZWL8.6 billion primarily due to unrealized losses from legacy debts. Looking ahead, HCCL aims to enhance production capacity and market share through new equipment and mining contracts, while maintaining a focus on safety and cost efficiency.

Author

cynthia

Language

EN