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…
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.