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Home » Corporate vultures take fresh aim at RioZim

Corporate vultures take fresh aim at RioZim

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A FRESH storm is brewing around RioZim, with corporate raiders circling the resurgent diversified miner in what analysts say could be a calculated push to force distress and rip-off asset value through a controversial corporate rescue process.

The renewed pressure follows a fresh application filed at the High Court’s Commercial Division by a shareholder seeking to place the company under corporate rescue—just four months after the High Court of Zimbabwe dismissed a similar bid by the Zimbabwe Diamond and Allied Minerals Workers Union and former employees.

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