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Hwange case takes new twist

HARARE – Listed Hwange Colliery Company Limited (HCCL) has accused its coal gasification joint venture Chinese partner, Taiyuan Sanxing Economic and Trade Company Limited (TSETC), of mismanagement and externalisation of funds. HCCL, which holds a 25 percent shareholding in Hwange Coal Gasification Company (HCGC), said actions by TSETC — holding the remaining 75 percent stake…

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