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Hwange tax arrears balloon to $69 million

HARARE – Zimbabwe Stock Exchange listed coal miner Hwange Colliery Company Limited (HCCL)’s tax arrears have ballooned to $69,1 million following the addition of a $28,5 million tax liability. The company’s acting chairman, Jemmester Chininga, on Monday said HCCL had to accommodate the additional tax liability on its books following finalisation of a special exercise…

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