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Home » RioZim shareholders approve Renco Mine sale
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RioZim shareholders approve Renco Mine sale

written by Kudzanai Gerede, Companies and Market Editor 0 comments
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.
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RIOZIM shareholders have unanimously approved the proposed disposal of Renco Mine for at least US$35 million paving the way for the transaction aimed at reducing the min­er’s debt burden and stabilising its remaining oper­ations. At an extraordinary general meeting held virtu­ally last week Wednesday, shareholders voted 100 percent in favour of the disposal of the…

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