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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 proceedings are pending.In a ruling del…

Published: 27 Aug 2025 at 06:04hrs | 354 | by Staff reporter

RioZimbabwe 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 in a dispute over asset disposal.The work…

Published: 18 Aug 2025 at 08:37hrs | 109 | by Staff reporter

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 with internal operations, the company is f…

Published: 19 Jun 2025 at 16:45hrs | 241 | by Staff reporter

RioZim loses 200 mine claim battle

RioZim Limited has been unsuccessful in its legal challenge against the Defence Ministry over 200 mining claims. The High Court dismissed RioZim's application, ruling it defective due to procedural issues. The company had sought to re…

Published: 02 Sep 2024 at 11:32hrs | 461 | by Staff reporter

Memorial service of Zimbabwean-based Indian mining mogul postponed indefinitely

The memorial service of Zimbabwean-based Indian mining mogul Harpal Randhawa and his son Amer who died with four colleagues on Friday in a plane crash on their way from Harare to Murowa Diamonds in Zvishavane, 450km southwest of the capita…

Published: 02 Oct 2023 at 20:28hrs | 2 | by Staff reporter

RioZim owner, 5 others die in plane crash

On Friday, a tragic incident claimed the lives of all six individuals aboard a Cessna 206 aircraft owned by the diamond mining company Rio Zim. The plane went down in the vicinity of Zvamahande, near Mashava in the Masvingo province.The ai…

Published: 29 Sep 2023 at 19:34hrs | 23 | by Staff reporter

Power outages dent RioZim production

GOLD production at Cam & Motor Mine â€” one of RioZim Limited's flagship operations â€” increased 92% in the first quarter of this year on the back of the Biological Oxidation (BIOX) plant that came into operation last year.RioZim's mi…

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 addressed to RioZim chairperson Saleem Rashid Beebe…

Published: 28 Sep 2022 at 06:01hrs | 25 | by Staff reporter

RioZim's coal power project seeks other backing after China's U-turn

A Zimbabwean company that had been banking on Chinese financing to build a major coal-fired power plant says it is now looking for alternative backers as China pulls back on funding such projects overseas.The effort by RioZim Ltd, one of Z…

Published: 31 Mar 2022 at 09:01hrs | 14 | 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 firm on Friday.RioZim said breakdowns a…

Published: 11 Apr 2021 at 06:44hrs | 3 | 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 Court with an urgent chamber application c…

Published: 24 Jul 2019 at 08:16hrs | | by Staff reporter

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 preliminary works, which entail, chiefly, sig…

Published: 10 Jul 2019 at 07:41hrs | | by Staff reporter

RioZim resumes operations

Zimbabwe listed and diversified miner, RioZim has resumed operations at its three gold mines that had it voluntarily shut down earlier this month after failing to access foreign currency from bullion sales through the Reserve Bank of Zimba…

Published: 15 Feb 2019 at 09:28hrs | | by Ndou Paul

RioZim halts operations again as RBZ defaults on forex payment

One of the country's leading gold producers, RioZim, has yet again stopped operations at three of its mines - Cam and Motor, Dalny and Renco - citing non-payment by the Reserve Bank of Zimbabwe (RBZ) for gold deliveries made to Fidelity Pr…

Published: 10 Feb 2019 at 06:16hrs | | 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. RioZim temporarily closed Cam and Motor in Kado…

Published: 13 Nov 2018 at 12:37hrs | | by Staff reporter

Double standards by Rio Zim

DearRio Tonto Zimbabwe particularly Murowa Diamonds has a policy whereby prospective employees are subjected to serious vetting including police clearance and anyone with a criminal record is not offered employment. Surprisingly, one perso…

Published: 11 Nov 2018 at 09:22hrs | 3 | by Concerned Zvishavane Residents

RioZim plans legal action against RBZ

Diversified resources group RioZim Limited, is planning legal action against the Reserve Bank of Zimbabwe (RBZ) over failure to meet its obligation to avail foreign currency saying this is choking its business. RioZim said due to lack of a…

Published: 10 Oct 2018 at 06:20hrs | | by Staff reporter

Investors keen on $2bn Sengwa power project

LISTED mining group, RioZim, says there has been renewed investor interest in its proposed $2,1 billion Sengwa Thermal Power station expected to produce 2 800 megawatts. In a statement accompanying the group's interim financial results for…

Published: 02 Oct 2018 at 09:42hrs | | by Staff reporter

RioZim gold output up 18%

RioZim posted a revenue growth of 17 per cent in the six months to June owing to increased gold production from Dalny, Cam and Motor and Renco Mines supported by firm gold prices.The group's diamond operations also continue on a positive g…

Published: 28 Sep 2018 at 06:43hrs | | by Views Matopo

RioZim to start exploration 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 Nkomo said a team of geologists was alrea…

Published: 04 Apr 2018 at 07:58hrs | | by Staff Reporter

ZEC fails to beat target of 7 million voters few days before end of the last phase

As the Biometric voter registration exercise draws nearer to the conclusion there is compelling evidence that the Zimbabwe Electoral Commission (ZEC) has not yet reached the targeted 7 million registered voters.Zimbabwe Peace Project has s…

Published: 18 Dec 2017 at 06:57hrs | | by Stephen Jakes

Hospital sues mining company for mining too close to the health institution

A Kadoma hospital has sued mining conglomerate RioZim for mining too close to the health facility, which has been reverberating with the sound of explosions from the Cam and Motar Mine and has seen flying rocks landing on the hospital's ro…

Published: 18 Dec 2017 at 06:52hrs | | by Stephen Jakes

Ndlovu takes over at RioZim

Rio Zimbabwe Limited (RioZim) has appointed Ashton Ndlovu, a former chairman of KW Blasting, as new managing director to replace long-serving Josphat Sachikonye, who stepped down last month.RioZIm also announced the appointment of Elisha M…

Published: 20 Apr 2012 at 07:47hrs | 4 | by Nare Msupatsila

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