Mines minister Winston Chitando unilaterally recommended Hwange Colliery Company Limited's placement under administration without the blessing of other shareholders. The move is widely seen by some officials as an attempt to cover up massive corruption involving senior management and public officials at the troubled coal miner, it emerged this week.
Justice minister Ziyambi Ziyambi announced the decision two weeks ago, saying it was meant to put the company on a recovery path and ultimately back to profitability. But shareholders, as well as the Hwange board led by Juliana Muskwe, workers and the Zimbabwe Stock Exchange (ZSE) --which responded by suspending the firm --were also not informed or consulted.
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