This comes amid reports that B Nick Van Hoogstraten, who has a 26 percent shareholding in the major coal producer, cried foul about how the major coal producer is currently being run.
He also lambasted the firm's numerous outstanding debts owed to major creditors including the struggling National Railways of Zimbabwe.
Van Hoogstraten has been a major critic of government-controlled firms operating in Zimbabwe saying board members are not performing and should be kicked out.
The British-based tycoon is a major shareholder in the Rainbow Tourism Group where he has also ruffled many feathers asking the top brass, led by Chipo Mutasa, to quit and give their jobs for those who can do them properly.
Van Hoogstraten masterminded the firing of Grace Muradzikwa as chair of the RTG Board.
Muradzikwa is currently the Chief Executive of NicozDiamond Zimbabwe Limited. She and the RTK's Mutasa are among the few female bosses in Zimbabwe today.
In a statement following the unsuccessful Annual General Meeting on June 30, the government finally told shareholders it would ask Savanhu and his top heavy board to leave office at the new AGM to be held on August 3.
Government said it would ask "for the removal from office of Fortune Chasi, Shingai Israel Mutumbwa, Tendai Savanhu (current Chairman), Prisca Mupfumira and Thandiwe Thanda Mlobane, notwithstanding their tenure of office".
Government has a 37 percent stake in HCCL which is listed on the ZSE.
According to the new agreement, the members would be replaced by Shingirayi Chibhanguza, Jemmister Chininga, Ian Chamunorwa Haruperi, Nkosinathi Jiyane, Mlawuli Majingolo, Siphiwe Mapfuwa, Johnson Mawere, Farai Mutamangira, Lucas Nkomo, and Valentine Vera.
These, according to insiders, were suggested by Van Hoogstraten because they are the same individuals whom he suggested should jump onto the RTG Board.
The motion failed because Van Hoogstraten was defeated by 61 percent to 42 percent.
Post published in: Business