MBABANE:King Mswati’s son Prince Lindaninkhosi is allegedly frustrating the operations of the newly opened Magomba Coal Mine, an independent investigation reveals.
It has been disclosed that, the Prince through his right-hand man and Director Churchill Hlatswayo, has been frustrating the investors and,the crisis within the newly established mining company escalated to a point where the investors struggled to pay suppliers and other service providers as bank accounts were frozen.
Reached for comments by this Swaziland News on Sunday, Director Churchill Hlatswayo asked to respond through the mining company’s Spokesperson regarding this matter.
“I’ve never spoken to the media, can I ask the Spokesperson to respond to your questions”, said the Director but, he subsequently disappeared.
But the challenges within the Magomba Coal Mine come after this publication reported that, investor Victor Ndlovu and Mwelase Mining Director who is operating the Ngwenya Iron Ore Mine was also frustrated and, struggling to operate despite investing millions in the mining business.
Dr. Noah Nhleko, the Commissioner of Mine in the Ministry of Natural Resources and Energy was contacted by this publication, asked for written questions however, he had not responded at the time of compiling this report.
Eswatini has been making global headlines for frustrating investors in the mining sector, the King in his personal capacity and through his Government, holds fifty percent(50%) in all mining companies in the country.
Magomba Mine was recently opened by the King and Prince Lindani is the King’s overseer(Liso LeNkhosi) within the Mine situated at Mpaka in the Lubombo Region.
The crisis at Magomba Coal Mine resulted to banks attaching properties owned by emaSwati’s businesses contracted to the Mine amid failure to service loans, the contractors have been struggling without payments for close to a year now.
King Mswati during the official opening of Magomba Mine(pic:Gov).