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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...Published: 19 Jun 2025 at 16:45hrs | 235 | by Staff reporter
Power outages dent RioZim production
GOLD production at Cam & Motor Mine — one of RioZim Limited's flagship operations — increased 92% in the first quarter of this year on the back of the Biological Oxidation (BIOX) plant that ca...Published: 25 May 2023 at 06:27hrs | 1 | by Staff reporter
RioZim faces corporate rescue
A TRADE union has given the Zimbabwe Stock Exchange-listed resources outfit RioZim a seven-day ultimatum to recapitalise and settle outstanding salaries or face administration.In a letter addr...Published: 28 Sep 2022 at 06:01hrs | 25 | by Staff reporter
Thunderstorms expected
Scattered afternoon and evening thunderstorms are expected across the country tomorrow, as more moisture is drifting into the country from Zambia.The weather is going to be mostly cloudy and w...Published: 22 Dec 2021 at 04:41hrs | 12 | by Staff reporter
Murowa running out of diamonds
OUTPUT at RioZim's gem extraction associate Murowa Diamonds slipped to 579 000 carats during the year ended December 31, 2020 after Zimbabwe's oldest operating diamond mining asset depleted high-grade...Published: 12 Apr 2021 at 07:21hrs | | by Staff reporter
RioZim gold output falls 27%
LOW ore grade at the Zimbabwe Stock Exchange-listed gold producer RioZim's flagship unit Cam&Motor Mine saw the firm's total output tumble by 27% during the year ended December 31, 2020, said the ...Published: 11 Apr 2021 at 06:44hrs | 3 | by Staff reporter
5 000 schoolgirls impregnated in January, February
When schools opened their doors for the new year on March 15 and March 22, a significant number of female learners did not turn up for classes, and there are now disturbing reports explaining why....Published: 04 Apr 2021 at 08:20hrs | 2 | by Staff Reporter
RioZim evicts former Falcon Gold employees
At least 17 former Falcon Gold Mine employees, whose employment contracts were clandestinely terminated by their new employer, RioZim (Pvt) Ltd, which now owns Dalny Mine, have approached the High Cou...Published: 24 Jul 2019 at 08:16hrs | | by Staff reporter
A case for subsidies in the mining sector
Zimbabwe racked in US$3.2 billion from mineral exports in 2018, a figure which represents 76% of the country's official total export earnings. This year the government has set the target at US$4.2 bil...Published: 11 Jun 2019 at 09:35hrs | 4 | by Victor Bhoroma
Falgold fails to publish FY results
LISTED miner Falcon Gold Zimbabwe has failed to publish its financial results for the financial year to September 30 this year, citing operational challenges which have been worsened by inadequate for...Published: 20 Dec 2018 at 06:49hrs | | by Staff reporter
Rio Zim resumes operations
ZIMBABWE Stock Exchange-listed miner RioZim has resumed operations at three of its gold mines after reaching an agreement with Reserve Bank of Zimbabwe (RBZ) over foreign currency allocation. ...Published: 13 Nov 2018 at 12:37hrs | | by Staff reporter
Miners to retain 55% export earnings
THE Reserve Bank of Zimbabwe (RBZ) has agreed to increase large scale miners' retention of foreign currency from mineral exports to 55 percent to allow them to cover production costs. Recently...Published: 13 Nov 2018 at 05:52hrs | 18 | by Staff reporter
'Review of taxes, utility costs'
THE change in the indigenisation laws and the ongoing ease of doing business reforms should be complemented with a deliberate review of taxes and utility costs, which continue to frustrate domestic pr...Published: 18 Jul 2018 at 06:34hrs | | by Staff reporter
Pickstone Peerless targets 500kg of gold
CHEGUTU-based Pickstone Peerless gold mine plans to produce over 500 kilogrammes of gold this year, spurred by a $17 million capital investment made in recent years.The mine is projected to pr...Published: 24 Jan 2016 at 05:50hrs | 4 | by Africa Moyo
Bogus lawyer escapes jail
An unemployed man who masqueraded as a lawyer and duped an unsuspecting "client" of $650 on the pretext he could provide him legal services has been spared a custodial term after a magistrate commute...Published: 01 Dec 2014 at 06:29hrs | 1 | by Staff reporter
Bogus lawyer swindles client off $650
An unemployed man Eubank Damiso who masqueraded as a lawyer and duped an unsuspecting "client" of $650 on the pretext he could provide him legal services has been arraigned in court for fraud....Published: 07 Nov 2014 at 19:47hrs | 2 | by Court Reporter
Indigenisation affects New Dawn's recapitalisation plan
Failure to get approval for its indigenisation plans has put a two-year hole in New Dawn Mining recapitalisation plans, CE Ian Saunders has said.Saunders told an investors tour of Dalny Mine i...Published: 11 Jun 2013 at 11:26hrs | | by Financials Express
New Dawn increase gold production from its five mines
CANADA based gold miner New Dawn Mining on Thursday said it has produced 2% more gold from its five mines quarter-on-quarter in the first quarter ended March 31.The junior produced 9,253 oz in...Published: 19 Apr 2013 at 06:37hrs | | by Business reporter
Employees threaten to take over gold mine
One of the country's leading gold producers Falcon Gold Zimbabwe, owners of Dalny Mine in Chegutu, has filed an urgent chamber application in the High Court after its employees allegedly threatened ...Published: 07 Mar 2013 at 10:18hrs | | by Staff reporter
New Dawn reports end of work stoppage at Dalny mine
New Dawn Mining announced that the illegal and unprotected work stoppage at its Dalny Mine in Zimbabwe, as previously reported on January 16, 2013, has ended. The illegal work stoppage en...Published: 29 Jan 2013 at 19:13hrs | | by Business reporter
Workers down tools at Dalny Mine, Zimbabwe
New Dawn Mining announced an illegal and unprotected work stoppage at its Dalny Mine in Zimbabwe. The Company said it is currently dealing with this work stoppage in accordance with Zimba...Published: 16 Jan 2013 at 17:55hrs | | by Ndou Paul
New Dawn revenue increases to $14.86 million for the quarter ended March
New Dawn's consolidated gold production was 8,736 ounces of gold (7,926 ounces attributable) for the quarter ended March 31, 2012, as compared to 6,226 ounces of gold (5,853 ounces attributable) for t...Published: 15 May 2012 at 12:06hrs | | by Nare Msupatsila
Improved results from Falgold
Falgold reported an improved set of results driven by firm international gold prices, cost containment following the re-organisation and increased production on resumption of operations at Dalny Mine ...Published: 15 Sep 2011 at 08:18hrs | | by Business reporter
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