The 88th Hwange Colliery Company Annual General Meeting (AGM) has endorsed the appointment of a new board of directors amid concerns from the outgoing board that the meeting is null and void.
The much awaited Hwange Colliery Company AGM took place in the capital and ushered in a new board of directors.
The AGM was held at the coal house despite an urgent chamber application by the Tendai Savanhu-led board which is before the courts.
Speaking to ZBC News just after the meeting, Mr. Nicky Van Hoogstraten defended the legality of the meeting saying it was a shareholders meeting not a board meeting.
The AGM endorsed the removal of the current board led by Tendai Savanhu, Fortune Chasi, Shingai Israel Mutumbwa, Prisica Mupfumira, and Thandiwe Mlobane.
The new board has Chibhanguza Norman, Chininga Jemmister, Haruperi Chamunorwa, Jiyane Nkosilathi, Mapfuwa Siphiwe, Mawere Johnson, Mutamangira Farai, Nkomo Lucas and Valentine Vera.
Meanwhile, Mr. Tendai Savanhu said the meeting convened early this Wednesday is a nullity as it was unprocedural, adding that government as the major shareholder directed the postponement of the meeting to a later date.
Government owns 38% shares in Hwange Colliery while Mr Van Hoogstraten owns 26%. The remainder is owned by minority shareholders.
Some sources say Deputy Prime Minister, Professor Arthur Mutambara intervened directing the postponement of the AGM which has been disregarded by shareholders.
Efforts to get a comment from the Deputy Prime Minister were fruitless.
Other legal experts said the holding of the AGM might constitute a contempt of court as the matter is set to be heard in court this Thursday.