Search results: RioZim

Diversified resources group, RioZim Limited, says gold production is forecast to improve as Cam and Motor, the group’s high grade ore flagship gold mine is set to resume production.For the past two years, there was no...

PRODUCTION at listed multi-asset mining concern, RioZim, was affected by exchange rate distortions during the year ended December 31, 2021.The firm said operations were affected by power outages across its mines, along with policy inconsistencies.The firm...

RioZim Limited has proposed a partnership with Government for its multi-million dollar coal fired power project in Sengwa, Gokwe North, as the firm seeks sovereign guarantee to break barriers to external funding.The Sengwa North project is...

Gold producer RioZim could join the Victoria Falls Stock Exchange (VFEX), where miners are attracted by tax breaks offered for listing on the USD-denominated market.A VFEX listing could ease part of RioZim’s problems, but not all...

RioZim is weighing a listing on Zimbabwe’s Victoria Falls Stock Exchange, where trading is denominated in foreign currency, according to people familiar with the matter. The nickel, gold and diamonds producer is “seriously considering all options available to it under the...

Gold miner, RioZim Limited, is technically insolvent with a staggering negative working capital of about ZWL$1bn, creating uncertainty in its ability to continue as a going concern.RioZim’s current assets stood at ZWL$2.8bn in the reviewed period...

RZM Murowa, a subsidiary of RioZim has recorded a 4% drop in output in the half-year ended June 30, 2021, due to technicalities associated with the migration of mining activities.Vongai MbaraThe mining group produced 564 kg of gold...

POST-TAX losses at RioZim Limited widened to $1,5 billion during the half year ended June 30, 2021, after heavy rains triggered flash floods and crippled operations at the firm’s flagship Cam & Motor Mine.RioZim posted a...

CHEGUTU West legislator, Dexter Nduna has taken gold mining conglomerate, RioZim Ltd (RioZim) to court on allegations of invading his Danly mine situated in the mining town.RioZim is being sued together with one  Langton Ndlovu, Zimbabwe...

Zimbabwe mining giant RioZim (Pvt) Ltd has begun evicting more than 850 workers, including widows of former employees, residing at its Dalny Mine staff quarters in Chakari.More than 10 families have since been served with eviction...

Diversified Miner, RioZim Limited last month appointed Mr Mr. Manraj S. Bindra as a Non-Executive Director with Mr Iqbal Meer ceasing to hold the office of Director with effect from the 8th of June 2021.Anerudo MapurangaIn...

The Industrial and Commercial Bank of China (ICBC), the world’s largest bank by assets, has come under pressure to withdraw funding from Zimbabwe’s planned 2,800MW coal-fired power plant at Sengwa.This leaves what is potentially the country’s...