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

INDUSTRIALS & ENERGY

RioZim evaluating Zimbabwe power plant bids

Zimbabwean miner RioZim Ltd. is evaluating proposals from six companies to participate in its $1.2 billion power project, as the nation enjoys a return of foreign-investor attention under President Em...

By Bloomberg | Published: 17 May 2018

MINING & RETAIL

General Electric among five shortlisted by RioZim

New York Stock Exchange (NYSE) listed conglomerate, General Electric, is among five foreign investors that diversified Zimbabwe Stock Exchange (ZSE) listed miner RioZim hasshort-listed to develop its ...

By Staff reporter | Published: 20 April 2018

MINING & RETAIL

Global investors eye RioZim thermal power project

Five major global investors are vying to partner listed resources group RioZim Limited for its apparently lucrative multi-billion Sengwa thermal power project, management has said. Interest in the pro...

By Staff reporter | Published: 06 April 2018

MINING & RETAIL

RioZim to explore for diamonds

ZIMBABWE Stock Exchange-listed miner RioZim expects to start exploration for diamonds this month on its 3 000-hectare piece of land in Chivi, as the group eyes expansion. Chief executive Bhekinkosi Nk...

By Staff reporter | Published: 04 April 2018

MINING & RETAIL

RioZim ups gold, diamond production

Zimbabwe Stock Exchange-listed resources group, RioZim, says its gold and diamond production significantly went up last year despite struggling to get its foreign currency earnings from the central ba...

By Staff reporter | Published: 03 April 2018

MINING & RETAIL

RioZim looks into upgrading ENR

LISTED mining group, RioZim Limited is exploring various ways to upgrade its Empress Nickel Refinery (ENR) as the plant is a strategic asset with potential to contribute significantly to the economy.R...

By Staff reporter | Published: 02 April 2018

MINING & RETAIL

RioZim requires $125m for Murowa diamonds

At least $125 million is required to extend the lifespan of Murowa Diamond Mine by an additional three years, and to push output beyond one million carats per annum, an official said yesterday. Murowa...

By Staff reporter | Published: 06 March 2018

MINING & RETAIL

Renewed interest in $1,2bn RioZim project

LISTED resources firm, RioZim, says investors have renewed their interest in the $1,2 billion Sengwa thermal power project, after being scared away by policy somersaults and currency instability, whic...

By Staff reporter | Published: 01 March 2018

MINING & RETAIL

'RioZim not retrenching'

ZIMBABWE Stock Exchange listed miner, RioZim, has refuted reports it intends to retrench scores of workers at its recently acquired Dalny Mine saying that it had infact employed new people it the once...

By Staff reporter | Published: 08 January 2018

MINING & RETAIL

Dalny Mine boosts RioZim operations

Listed miner RioZim says the growth of its revenues by 16 percent to $37,8 million in the six months to June 2017 was as a result of the acquisition of Dalny Mine.The group recently snapped up Dalny M...

By Staff reporter | Published: 15 September 2017

MINING & RETAIL

RioZim reports increased gold production

MINING concern, RioZim gold production for the half year ended June 30, 2017 rose 13 percent to 873 kilogrammes helping the group's comprehensive profit swing in the positive.RioZim reported $2,9 mill...

By Staff reporter | Published: 15 September 2017

FINANCIAL SERVICES

AfrAsia challenges court's decision on RioZim

AfrAsia Bank has filed an appeal at the Supreme Court challenging the High Court's decision to nullify the deed of settlement signed between the bank and mining company RioZim.This comes as the bank l...

By Staff reporter | Published: 19 July 2017

MINING & RETAIL

RioZim not paying $4.5m AfrAsia debt

RIOZIM Limited has decided not to honour an ostensible $4,5 million debt owed to AfrAsia Bank, which is presently in liquidation, after it emerged the financial institution could have unfairly bloated...

By Staff reporter | Published: 12 July 2017

MINING & RETAIL

Chihota takes control of RioZim operations

RioZim Ltd chairman Lovemore Chihota has taken over the day-to-day management of the mining group amid indications he now has an office and works closely with external managers, the Zimbabwe Independe...

By Staff reporter | Published: 12 July 2016

MINING & RETAIL

GEM ups RioZim stake

RioZim's largest shareholder, Gem RioZim Investments Limited (GEM), has increased its shareholding in the listed mining group from 24,97 percent to 28,3 percent.This follows shareholders' approval to ...

By Staff reporter | Published: 07 June 2015

MINING & RETAIL

RioZim forecasts further losses in FY14

RioZim Limited says it expects to report a bigger loss for the full year to December due to lower tonnage at its Renco Mine combined with the low gold prices in the fourth quarter of last year.In a st...

By Staff reporter | Published: 17 February 2015

MINING & RETAIL

RioZim in talks for $45m facility

RioZim is negotiating the term sheet for a $45 million facility with an international financier to refinance the group's bank debt, which now stands at $40 million, managing director Mr Ashton Ndlovu ...

By Business Correspondent | Published: 29 May 2014

MINING & RETAIL

RioZim floats mining tender

RioZim Limited has floated a tender, seeking bids for contract mining at its Cam and Motor gold mine in Kadoka. "Tenders are invited from suitable and interested bidders from suitable and interested b...

By Staff reporter | Published: 13 May 2014

INDUSTRIALS & ENERGY

RioZim risks losing power producer licence

Mining concern RioZim Limited risks losing its independent power producer's licence and the Sengwa coal concessions if it fails to make progress on its Gokwe North power project in the next six months...

By Staff reporter | Published: 31 January 2014

JOBS

VACANCY - Occupational Health Office at RioZim

RioZIm Limited is a company Incorporated in Zimbabwe with mining and related operations in several parts of Zimbabwe. It is listed on the Zimbabwe Stock Exchange. The company seeks to recruit an Occup...

By RioZim | Published: 26 August 2013

MINING & RETAIL

RioZim to resume operations at its Cam & Motor mine

ZIMBABWE Stock Exchange-listed mining company RioZim is set to resume operations at its Cam & Motor mine in the second quarter of next year.The Kadoma based mine, once the country's biggest produc...

By Business reporter | Published: 22 August 2013

MINING & RETAIL

RioZim gets new plant

Zimbabwe Stock Exchange-listed mining firm, Riozim, will make annual savings of nearly US$4 million once its new oxygen plant is commissioned.The company which is currently in the process of implement...

By Business reporter | Published: 07 August 2013
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