RioZim pins hope on mines’ revival

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’s recovery strategy is gaining momentum through strategic funding partnerships and the resumption of min­ing operations, despite its losses widening to ZiG739,1 million in the year ended December 31, 2025. The diversified miner previously reported a ZiG628,5 million loss. In its full year financial results statement, Ri­oZim chairman Caleb Dengu said the company was in…

Subscribe to read full article. Subscribe today

Related posts

WestProp to spin off Pomona City land bank

Caledonia cuts gold output target

Bikita sulphate plant nears completion

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More