RioZim

Listed resources firm, RioZim, is in discussions with a potential investor to kick-start its $2,2 billion Sengwa thermal power project.
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The Zimbabwe Stock Exchange listed resources firm, RioZim, is courting regional and international investors to finance its proposed power station and coal mining project in Sengwa, the Financial Gazette’s Companies & Markets can report.…
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Auditing firm Ernst & Young Chartered Accountants Zimbabwe (EY) has raised a red flag over RioZim’s operations despite the listed resources firm registering a $2,5 million profit last year. "The group’s current liabilities…
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By Farayi Machamire Listed resources firm, RioZim, says it is targeting a 200 kilogrammes (kg) monthly gold production, following the commissioning of its Cam and Motor Plant and its recent acquisition of Dalny Mine Complex (Dalny).…
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RioZim chairman Lovemore Chihota has come under fire from the company’s shareholders and other interested stakeholders for misleading the nation on the Murowa Diamonds (Murowa) deal. Chihota told the country that global resources…
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MUROWA Diamonds, the troubled junior resources outfit that is under pressure from government to participate in a forced merger of diamond companies, has been mothballed in a dramatic turn of events.
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The debt situation among top listed firms worsened during the first half of this year, as the working capital strain shaking industry and commerce deteriorated, raising fears of a sharp economic contraction.
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