For the 2015 year, the company incurred a loss of US$115.1 million, compared to a loss of US$37.9 million the previous year. In addition to the deteriorating coal prices, closure of ferrochrome, ferroalloy, copper and cobalt operations in the SADC region further worsened market performance and Hwange Colliery share price. Liquidity challenges also made it difficult for Hwange to secure critically required working capital and take advantage of rand declines against the US Dollar. Revenue was further impacted by low production and sales volumes due to persistent breakdowns of major mining equipment. The company’s liabilities totalled $287 million, with some creditors now taking legal action against Hwange.