INTERNATIONAL COAL NEWS

New Wankie MD required

WITH a US$5.6 billion dollar loss last year, it would be fair to surmise not every company managi...

Angie Tomlinson

This article is 21 years old. Images might not display.

All Africa reported Wankie was on the hunt for a new director, with the current term of office expiring at the end of the year.

Wankie chairman Munacho Mutezo told The Financial Gazette last week that his board of directors viewed the appointment as something that has to be done urgently.

"We also don't want disruptions. We want a proper hand-over, takeover from Bwerinofa when he leaves at the end of the year. He has been very helpful to the company," Mutezo told The Financial Gazette.

The Wankie board is currently working out a strategic turnaround plan to restore viability to the company. Among the many obstacles the company faces, the dire lack of foreign currency is one of the worst.

To increase output levels Wankie have drawn up plans to open a new US$88 million underground mine that would produce low ferrous coal.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence: Future Fleets Report 2025

MMI Future Fleets Report 2025 looks at how companies are using alternative energy sources to cut greenhouse gas emmissions

editions

Mining Magazine Intelligence: Automation and Digitalisation Report 2024

Exclusive research for Mining Magazine Intelligence Automation and Digitalisation Report 2024 shows mining companies are embracing cutting-edge tech

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.