Tag: RioZim
Geo Associates has drilled just two wells across its 360,000-hectare Mzarabani licence, meaning the project's true potential remains largely untapped, according to founder and managing director Paul Chimbodza.
By Rudairo Mapuranga
Speaking at the Chamber of Mines Annual...
THERE is abundant capital sloshing around Zimbabwe's economy waiting to find a home in the mining sector, but a disconnect between available funds and accessible investment opportunities is preventing locals from participating in the country's mineral...
RioZim Halts US$21m Mines Sale Following Court Setback
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...
RioZim Posts ZWG628 Million Loss as Gold Output Plunges and Diamond Unit Falters
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...
Struggling RioZim Nears US$20 Million Capital Injection as Ownership Shift Looms
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...
RioZim in Crisis as Gold Output Plunges 54%, Company Seeks Lifeline from Investors
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%...
RioZim Faces Financial Struggles as New Ownership and Capital Injection Loom
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...
RioZim Retains Renco Management Despite Worker Petition for Removal
RioZim has decided to retain the current management team at its Renco Mine despite a petition signed by 716 workers demanding their immediate dismissal.By...
High Court Orders Renco Workers to Return to Work
The High Court has ordered workers at Renco Mine to return to work, ruling that their industrial action was unlawful. The decision followed a...
RioZim Drags its Unpaid Workers to Court Over “Illegal” Strike
RioZim Limited has taken its employees to court over what it says is an unlawful industrial strike, as the workers demand updated salaries, which...
RioZim’s Financial Performance Suffers 20% Revenue Drop
RioZim Limited’s financial performance took a significant hit in the first half of 2024, with revenue declining by 20%, from ZWG 352.4 million during...
RioZim Achieves 940kg Gold Production in 2023, Up 1% Despite Operational Challenges
Zimbabwe Stock Exchange-listed miner RioZim produced 940 kg of gold in 2023, marking a 1% increase despite facing significant operational challenges throughout the financial...
RioZim Achieves 1% Production Increase Despite Major Shareholder Death
Zimbabwe Stock Exchange-listed diversified mining company RioZim, despite the loss of the company’s major shareholder’s representatives and four executives in a fatal plane crash,...
RioZim continues to seek other financial backing for 2 800MW Sengwa Power Station
Zimbabwe Stock Exchange-listed diversified mining company RioZim said it has been committed to engaging various stakeholders for potential partnership on its 2800 MW coal-fired...
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