Despite achieving higher production and sales volumes for the year ended December 31, 2018, Zimbabwe-based Hwange Colliery’s financial performance worsened, with the miner’s loss for the year having widened by 79% to $78.4-million, from a loss of $43.8-million in 2017. The bigger loss was mainly as a result of the impairment of some assets, as well as subdued coal prices against increased input costs.
