RioZim in the Media
Cam & Motor to start operationsBusiness Reporter RIO Zim gold unit, the Cam & Motor will start operations in the second half of the year after signing an engineering procurement and construction contract, the company said. “A new mining operations based on Cam & Motor ore bodies is on course with the design and manufacturing of the plant for the operations having commenced,” said Rio Zim in its financial statement on Friday.
via Herald
Foreigners eye RioZim’s SengwaMartin Kadzere Business Reporter INDIAN state-owned Bharat Heavy Electricals Limited and Shandong of China are among companies that have expressed interest in partnering RioZim Limited in setting up 250 megawatt
via Herald
RioZim to reopen Cam & Motor mineZIMBABWE Stock Exchange-listed mining company RioZim is set to resume operations at its Cam & Motor mine in the second quarter of next year.
via Financialgazette
RioZim assures shareholdersBusiness Reporter RIOZIM Limited has assured shareholders that its status as a going concern remains secure despite the value of current liabilities exceeding current assets and persisting loss making in the interim period.
via Herald
RioZim narrows lossZIMBABWE Stock Exchange-listed mining concern RioZim Limited’s loss for the six months to June has narrowed to $2,3 million from $4,9 million recorded during the same comparative period last year due to a strong growth in revenue and a cut in finance cost, the company’s financials have shown.
via Newsday
RioZim revenues increase 43 percentMINING Giant, RioZim Limited’s revenue for the first quarter of the year grow 43 percent to US$22,6 million in this year’s first quarter the company’s CEO Asthton Ndlovu has revealed.
via Newzimbabwe
RioZim has 250% upsideRioZim Ltd, one of Zimbabwe’s major companies in mineral exploration and development, has an upside potential of more than 250% in its share price, according to research by local stockbroking …
via Theindependent
Rio Zim profit rise 47 percentRio Zim profit rise 47 percent Business Reporter Listed mining concern Rio Zim reported today that operating profit for the half year ended June 30 rose 47 percent to US$2,2 million from US$1,5 million a year earlier buoyed by improved revenue generation at Empress Nickel Refinery (ENR).
via Sundaymail
RioZim to focus on debt restructuringRioZim will continue focusing on debt restructuring with the company expecting to generate $8.6 million cash in total and $7.7 million before the end of the year from the sale of reverts of Xstrata, group CEO Ashton Ndlovu told the AGM yesterday.
via Bulawayo24
RioZim to commission $1 million oxygen plantZIMBABWE Stock Exchange-listed mining concern RioZim Limited will commission a $1 million oxygen plant in the next two months to expand its refinery production, a company official has said.
via Youngzimbabwe
[cat totalposts=”3″ category=”riozim-news” thumbnail=”false” excerpt=”true” ]
Mining Index
0.76(1.06%)
16
RIO Gold
RIO Base Metals
RIO Diamonds
RIO Energy