RioZim shareholders approve turnaround plan

RioZim said Renco requires about US$20 million in addition­al capital expenditure to modernise underground infrastructure, refurbish its processing plant and restore sustainable production. The company said its financial position makes the investment difficult to undertake internally.

RIOZIM shareholders have approved a major capital raise involving asset disposals, debt restructuring and debt financing as part of an immediate business turnaround plan. At an extraordinary general meeting held on April 22, 2026, shareholders voted 100 percent in favour of all special resolutions. The Zimbabwe Stock Exchange (ZSE)-listed metal and mining company has been struggling…

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