RioZim to dispose of Renco

At an extraordinary general meeting held virtu­ally last week Wednesday, shareholders voted 100 percent in favour of the disposal of the gold mine to an unrelated third-party purchaser.

RIOZIM Limited is seeking shareholder approval to dispose of its Renco gold mine for at least US$35 million as part of a bal­ance sheet restructuring programme aimed at reducing debt and improving liquidity. The proposed transaction involves the sale of Renco as a going concern to an unrelated third party, including its mining claims, land,…

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