RioZim seeks nod for turnaround plan

The miner suspended direct mining and processing oper­ations at Cam & Motor almost two years ago to allow criti­cal dewatering of flooded pits, a process that has since been completed before the close of quarter, paving the way for a full production restart in the second half of 2026.

RIOZIM is seeking shareholders’ approval to execute a series of corporate actions, including asset disposals, debt restructuring and financing as part of its proposed turnaround strategy. The Zimbabwe Stock Exchange-listed metal and mining company has been struggling for profitability owing to a confluence of challenges, mainly, weak cash flow, high debt levels, undercapitalisation and antiquated…

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