Published by the government of Zimbabwe
16 November 2007
Harare — Prominent businessman Billy Rautenbach has been awarded a multi-billion-dollar mining contract at Hwange Colliery Company Limited in a deal that is expected to increase production by over 100 per- cent.
The mining equipment has already been deployed at the coal mine, and was commissioned three weeks ago. A high-powered delegation was in Hwange to witness the ground breaking ceremony. These included Reserve Bank governor Dr Gideon Gono, Police Commissioner Augustine Chihuri, Minister of Mines Amos Midzi, CIO chief Happyton Bonyongwe, Minister of State Security and Land Didymus Mutasa and other high-ranking officials.
Rautenbach was also part of the delegation. Rautenbach, who also owns mines in the Democratic Republic of Congo and one of Zimbabwe's biggest haulage companies and cargo carriers, is understood to have made an "ambitious" promise that coal supplies to Hwange Thermal Power Station would double or thrice during the next 21 days.
"The equipment is now at the mine and is already operational," officials at Hwange Colliery Company said yesterday. The finer details to the contract remained sketchy at time of going to press.
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