RioZim shareholders approve 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 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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