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*Hwange Colliery Company Put Under Administration As It Owes Govt Over $150m* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?am Hwange Colliery Company was on Monday put under administration by the government and the functions of its Board of Directors suspended. A forensic audit directed by the board resulted in the Minister of Mines Winston Chitando putting the company under administration. The audit allegedly revealed misuse of funds amounting to $6,4 million put into the company for exploration. Hwange Colliery Company owes the government over $150 million. Its liabilities are more than the value of its assets. The government of Zimbabwe is the major shareholder in the company. More: Newsday ---------- *Latest itel S24 now available on Pindula* $124 Cash on Delivery in Harare & Bulawayo. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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