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Lubu coal project gets major boost

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HWANGE – London listed natural resource development company Contango Holdings PLC on Friday reported better-than-expected test results on samples from its Lubu coal project in Zimbabwe.

The Lubu Coal Project covers 19,236 hectares of the highly prospective Karroo Mid Zambezi coal basin, located in the established Hwange mining district in north-western Zimbabwe.

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Contango Holdings said the results exceeded expectations and confirm the viability of Lubu’s metallurgical coal for the production of coke.

The company said it received the results from a set of sample analyses conducted by Bureau Veritas of South Africa. The analyses assessed a variety of metrics and properties derived from the metallurgical seams at the Lubu Coal Project, including ash, sulphur and phosphorous contents, as well as yield and calorific values.

The results, which are reported in full below, have exceeded the Company’s expectations and also confirmed the viability of Lubu’s metallurgical coal in the production of coke, the key reactant and fuel in primary steelmaking.

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Carl Esprey, chief executive officer of Contango Holdings, explained that the results have exceeded the Company’s expectations and also confirmed the viability of Lubu’s metallurgical coal in the production of coke, the key reactant and fuel in primary steelmaking.

“We are delighted with the results from this study, which have demonstrated the commercial characteristics of the metallurgical coal at Lubu, as well as its viability in the manufacture of coke,” Esprey said.

“This positive news has come at a time when demand for all forms of coal has risen significantly and has led to an increase in the metallurgical coal price from US$161/tonne to US$451/tonne over the last year,” Esprey said.

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He added that the price of coke, the product achieved through the ‘cooking’ of metallurgical coals through coke batteries, has also seen dramatic prices rises, with an 70% increase over the same period to current levels of approximately US$670/tonne.

“With current shortages, the price of coke is likely to increase even further,” he said. “With the studies now completed and both a regional and global market identified, I believe Lubu is ideally positioned to benefit from this pricing outlook

“This positive news has come at a time when demand for all forms of coal has risen significantly and has led to an increase in the metallurgical coal price from US$161/tonne to US$451/tonne over the last year,” Esprey said.

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He added that the price of coke, the product achieved through the ‘cooking’ of metallurgical coals through coke batteries, has also seen dramatic prices rises, with an 70% increase over the same period to current levels of approximately US$670/tonne.

“With current shortages, the price of coke is likely to increase even further,” he said.

“With the studies now completed and both a regional and global market identified, I believe Lubu is ideally positioned to benefit from this pricing outlook.”- Hourly Hits

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Lupane

Conductor killed in bus accident along Dandanda-Jotsholo road

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BY STAFF REPORTER

A bus conductor lost his life in a tragic accident along Dandanda-Jotsholo Road in Lupane after being run over by the bus he was working on.

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The incident occurred on November 17, at approximately 1:30 a.m.

According to the police report, the conductor was hanging precariously on the moving bus and unfortunately slipped and fell, resulting in fatal injuries.

The police are now urging bus operators and crew members to exercise extreme caution and adhere to safety protocols to avoid such devastating accidents.

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They specifically warn against allowing loaders or conductors to hang dangerously on moving vehicles, emphasizing the importance of prioritizing safety on the roads.

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Bubi

Inyathi man handed community service for burning wife’s belongings

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BY WANDILE TSHUMA 

A 39-year-old man from Inyathi Township has been convicted of malicious damage to property after a disagreement with his wife

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The accused recently appeared before the Inyathi Magistrates’ Court for malicious damage to property.

According to the National Prosecuting Authority, sometime in September, the accused person had a misunderstanding with the complainant, his wife over the welfare of the family.

He forced the complainant and their children out of the house.

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While the complainant was away, the accused person burnt the complainant’s belongings.

The destroyed property was valued at $140.

The accused person was sentenced to 24 months imprisonment, of which 3 months were suspended for 5 years.

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A further 18 months were suspended on condition that he completes 630 hours of community service.

The remaining 3 months were suspended on condition of restitution.

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Hwange

Victoria Falls residents at odds with roaming buffaloes, Zimparks maintains they belong

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BY NOKUTHABA DLAMINI

Residents of Victoria Falls are struggling to coexist with a large number of buffaloes that have taken over the streets of both high-density urban areas and low-residential areas.

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The buffaloes seem to be everywhere, leaving residents frustrated and desperate.

Videos taken by residents and VicFallsLive, our media organization, show people trying to chase them away using sticks and rocks, but the buffaloes are undeterred.

This morning, three buffaloes blocked the road on Jakaranda Street, eating leaves from the trees and grass.

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Despite the distress calls from residents, the Zimbabwe Parks and Wildlife Management Authority (Zimparks) maintains that the buffaloes are within their habitat.

“I think we need to understand who is is saying there has been a growing trend of buffalos in Victoria Falls for an example, l think the numbers we have in Victoria Falls we don’t have much problems with them and this is what attracts tourists,”said Tinashe Farawo, Zimparks spokesperson.

“It’s a tourist town and one of the major draw-cuts for tourists is those buffalos. It is definitely their habitat that’s where they stay in the wild.”

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However, residents disagree. They say the buffaloes are causing a nuisance and pose a danger to humans.

“We are working hard to make a living, and now we have to deal with these wild animals in our streets,” said Khulani Ncube.

In one incident, about 40 buffaloes blocked the road on Mkhosana Street near Kazungula Road, eating vegetables. “It’s like they own the place,” said Trymore Ndolo who witnessed the scene, adding that they might cause a casualty if action is not taken.

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While the Zimparks says that the buffaloes are a tourist attraction, residents argue that their safety should come first.

“We understand that tourism is important, but what about our lives?” asked a resident.

 

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