A FRESH storm is brewing around RioZim, with corporate raiders circling the resurgent diversified miner in what analysts say could be a calculated push to force distress and rip-off asset value through a controversial corporate rescue process.
The renewed pressure follows a fresh application filed at the High Court’s Commercial Division by a shareholder seeking to place the company under corporate rescue—just four months after the High Court of Zimbabwe dismissed a similar bid by the Zimbabwe Diamond and Allied Minerals Workers Union and former employees.