THE Hwange Colliery Company Limited board last year made futile attempts to reopen negotiations for a US$50 million bailout from British tycoon, Nicholas van Hoogstraten, after the beleaguered company turned down his offer in 2013, the Financial Gazette's Companies & Markets can report. This was about the time when the cash-strapped operation, owned 37 percent by government, lurched from one crisis to another. ......
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