BUSINESS NEWS

RioZim secretary quits

RioZim Limited has been plunged into fresh controversy following the resignation of its company secretary, Ms Diedre Niehaus, amid allegations of corporate misconduct, internal hostility, and the supp...

By Staff reporter | Published: 03 November 2025

BUSINESS NEWS

Labour union rejects RioZim's settlement offer

The Zimbabwe Diamond and Allied Minerals Workers Union (ZDAMWU) has rejected a US$160,000 settlement offer from RioZim Limited, dismissing it as inadequate and lacking assurances for the long-term we...

By Staff reporter | Published: 21 October 2025

BUSINESS NEWS

High Court blocks RioZim from selling assets

The High Court has barred resources group RioZim Limited, currently under corporate rescue, from selling its assets as a legal dispute with workers continues.High Court judge Justice Regis Dembure di...

By Staff reporter | Published: 08 October 2025

MINING & RETAIL

Beebeejaun resigns as RioZim chairman

RioZim Limited has announced the resignation of its chairman, Saleem Rashid Beebeejaun, after more than six years at the helm of the embattled mining giant. His departure comes at a time when the comp...

By Staff reporter | Published: 29 September 2025

BUSINESS NEWS

Court halts US$37 million RioZim payout

A US$37 million windfall awarded to more than 200 RioZim employees has been thrown into uncertainty after the High Court ruled that the mining company is protected under corporate rescue proceedings.J...

By Staff reporter | Published: 18 September 2025

MINING & RETAIL

Court halts RioZim's asset sales

The High Court has granted an urgent interdict to the Zimbabwe Diamond & Allied Minerals Workers' Union (ZDAMWU), barring RioZim Limited from disposing of its mining assets while corporate rescue ...

By Staff reporter | Published: 27 August 2025

MINING & RETAIL

Union turns the heat on RioZim

The Zimbabwe Diamond and Allied Minerals Workers Union (ZDAMWU) has indicated that RioZim Limited's board and management could lose operational control if the union's urgent corporate rescue applicati...

By Staff reporter | Published: 21 August 2025

MINING & RETAIL

RioZim to appeal ruling in assets disposal fight

RioZim Limited says it will appeal against an interim relief granted in favour of the Zimbabwe Diamond & Allied Minerals Workers Union (ZDAMWU), which represents some of the company's employees i...

By Staff reporter | Published: 18 August 2025

BUSINESS NEWS

RioZim workers lock horns over asset disposals

RioZim Limited has announced its intention to appeal an interim relief granted in favor of the Zimbabwe Diamond & Allied Minerals Workers Union (ZDAMWU), which represents some of the company's em...

By Staff reporter | Published: 16 August 2025

MINING & RETAIL

RioZim's US$21 million investment hangs in the balance

The Zimbabwe Diamond and Allied Minerals Workers Union (ZDAMWU) has reiterated that only a court-supervised corporate rescue can revive RioZim Limited, as the mining company's much-needed US$21 millio...

By Staff reporter | Published: 11 August 2025

BUSINESS NEWS

RioZim faces corruption probe

Mining giant RioZim Limited is under intense scrutiny after the Zimbabwe Diamond and Allied Minerals Workers Union (ZDAMWU) lodged a formal complaint with the Zimbabwe Anti-Corruption Commission (Zacc...

By Staff reporter | Published: 27 June 2025

BUSINESS NEWS

RioZim in eye of financial misconduct, fraud storm

Mining giant RioZim Limited is at the centre of a deepening scandal as allegations of financial misconduct, asset stripping, and systematic fraud continue to surface. According to sources familiar wit...

By Staff reporter | Published: 19 June 2025

MINING & RETAIL

RioZim in talks for US$20m bailout

Struggling mining company RioZim Limited is reportedly in advanced discussions with a potential investor for an initial US$20 million injection aimed at revitalising its cash-strapped operations, the ...

By Staff reporter | Published: 04 June 2025

MINING & RETAIL

Struggling RioZim seeks US$200m reboot capital

RioZim, a diversified resource company listed on the Zimbabwe Stock Exchange (ZSE), urgently requires an estimated US$200 million in fresh capital to resuscitate its struggling mining operations, acco...

By Staff reporter | Published: 15 May 2025

INDUSTRIALS & ENERGY

RioZim in firing line over US$5m power debt

Renco Mine, a subsidiary of Zimbabwe Stock Exchange-listed miner RioZim Limited, is facing a looming power disconnection due to an outstanding US$4.7 million debt owed to the Zimbabwe Electricity Tran...

By Staff reporter | Published: 09 May 2025

MINING & RETAIL

Crippling power cuts afflict RioZim

Listed miner, RioZim, has been hit by crippling power cuts adversely impacting on production across all its mining operations. Gold production at Rena) Mine plunged 21% in the quarter to March 31, 202...

By Staff reporter | Published: 02 June 2022

INDUSTRIALS & ENERGY

RioZim, Zesa to ink power deal

RIOZIM says its US$1,5 billion investment into building a 2 800 megawatts thermal power station in Sengwa, Gokwe North, remains firmly on course with the company now moving to the next phase of prelim...

By Staff reporter | Published: 10 July 2019

BUSINESS NEWS

RioZim makes appointments

ZIMBABWE Stock Exchange-listed mining group, RioZim, has appointed Mr Saleem Rashid Beebeejaun as chairman with effect from June 25, 2019. He takes over from Mr Lovemore Chihota who recently celebrate...

By Staff reporter | Published: 01 July 2019

MINING & RETAIL

RioZim records net loss of US$2,3m

One of the country's top gold producers, RioZim reported a net loss of US$2,3 million in the year ended December 2018 from a net profit of US$8,1 million in 2017 due to a 13% decline in gold output.Th...

By Staff reporter | Published: 30 April 2019

MINING & RETAIL

RioZim sues RBZ over US$ payments

Resources group, RioZim, has sued the central bank to force it to pay over $92 million it claims is owed dating back to 2016 in a case that highlights the acute dollar shortages blighting the southern...

By Staff reporter | Published: 22 November 2018

MINING & RETAIL

RioZim H1 gold output rises

Resources group, RioZim Limited's half year gold production rose 20 percent to 1 050 kilograms from 873 kilograms in the same period last year as production at its three mines was ahead of comparable ...

By Staff reporter | Published: 30 September 2018

MINING & RETAIL

RioZim loses court case

Diversified mining group, RioZim Ltd's latest attempt to have the loan it obtained from Trust Bank reduced to $500 000 from $1,8 million suffered another setback after the High Court of Zimbabwe dismi...

By Staff reporter | Published: 27 September 2018

MINING & RETAIL

RioZim bemoans 'punitive' royalties

ROYALTIES on Zimbabwean-mined diamonds have remained punitive, scaring away investors and disadvantaging local players, diversified resources firm RioZim has said.The firm's chief executive officer Bh...

By Staff reporter | Published: 05 July 2018

MINING & RETAIL

Investors flood RioZim

The re-engagement thrust adopted by President Mnangagwa's administration since November last year has unlocked opportunities for local companies to attract credit lines and/or investors for several ke...

By Staff reporter | Published: 24 June 2018

INDUSTRIALS & ENERGY

RioZim to sell majority stake in Sengwa plant

RioZim Limited intends to sell majority shareholding to an investor who wins its tender to construct an ambilion thermal power station in Sengwa, Gokwe North, according to company sources. ZSE listed ...

By Staff reporter | Published: 25 May 2018
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