Zimbabwe Signs Coal Deal With Indian Company

4 years agoWed, 07 Aug 2019 10:29:00 GMT
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Zimbabwe Signs Coal Deal With Indian Company

The Zimbabwean government has signed a coal deal with Victoria Consulting limited of India in Harare today.

The deal is premised at promoting coal exports which are currently below the demand on the market.

Speaking at the event, president Mnangagwa said:

The country only produces two million tonnes of coal deposits per annum against a demand of 52 million metric tonnes on the Indian market. The local mining industry should aim and begin working on how to meet the demand by increasing the production of coal.

Meanwhile, the representative of Victoria Consulting Limited said that they were committed to ensuring that the agreement results in expected outcomes.

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