RioZim halts planned funding deals

The group also appointed Vinit Saxena as executive director and Kothagundla Srinivas as non-executive director, both effective July 18, 2025.

RIOZIM is temporarily suspending the sale of its mines, following a legal challenge by the Zimbabwe Diamond & Allied Minerals Workers Union. Recently, the miner had announced that it was nearing a deal with new investors who would inject US$20 million and take over the struggling miner. The major line of credit and a new…

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