Search results: RioZim

RioZim Limited, once a stalwart of Zimbabwe's mining sector, has reported a severely deteriorating financial position, with its net loss widening by a striking 81% during the first half of 2025, Mining Zimbabwe can report. By Rudairo...

The Zimbabwe Diamond and Allied Minerals Workers Union (ZDAMWU) has once again rejected a US$160,000 settlement offer from RioZim Limited, arguing that it fails to address critical issues affecting employees and the long-term viability of the...

The Zimbabwe Stock Exchange-listed miner RioZim has entered a critical new chapter, appointing veteran business leader Caleb Dengu as its Chairman in a comprehensive board overhaul designed to steer the company through a period of deep...

Troubled Zimbabwe Stock Exchange-listed mining company RioZim has been forced to halt the planned sale of its gold mines after the High Court granted interim relief to unions opposing the transaction, Mining Zimbabwe can report. By Ryan...

The Zimbabwe Diamond and Allied Minerals Workers Union (ZDAMWU)’s bid to place RioZim Limited under a court-supervised corporate rescue has taken a key step forward after the High Court in Harare set a date for the...

The Zimbabwe Diamond and Allied Minerals Workers Union (ZDAMWU) has maintained that only a court-supervised corporate rescue can revive RioZim Limited, as the company’s US$21 million investment faces delays linked to ongoing legal processes, Mining Zimbabwe...

Embattled diversified mining firm RioZim Limited saw its group loss widen dramatically in 2024, with the company reporting a ZWG628.4 million deficit—more than quadruple the ZWG107.7 million loss posted the previous year amid operational setbacks in...

Struggling mining giant RioZim Limited is edging closer to a major financial lifeline, with a US$20 million capital injection and a change in majority ownership now at an advanced stage of negotiation. By Ryan Chigoche The development offers...

RioZim, once a dominant player in Zimbabwe’s gold sector, has hit a new low. The mining firm’s gold output fell by a staggering 54% in 2024, just as other companies are thriving thanks to record-high gold...

The Zimbabwe Diamond and Allied Minerals Workers Union (ZDAMWU), together with two affected employees, has filed a High Court application to place Zimbabwe Stock Exchange-listed miner RioZim Limited under corporate rescue, as the company faces mounting...

The Zimbabwe Diamond and Allied Minerals Workers Union (ZDAMWU) has escalated its calls for urgent government intervention to address the worsening humanitarian crisis faced by RioZim employees, who have gone without salaries for five months, Mining...

RioZim Limited, one of Zimbabwe’s prominent gold producers, is facing severe financial challenges, but a possible change in ownership and a significant capital injection offer a glimmer of hope for the troubled company. The new investor,...