Riozim - The Zimbabwe Independent

Topic : Riozim

High Court blocks RioZim from selling assets

RioZim’s lawyer, Thabani Mpofu, argued that the company’s board should be allowed to make operational decisions while waiting for a rescue practitioner to be appointed.

By Desmond Chingarande Oct. 8, 2025

High Court blocks RioZim from selling assets

Beebeejaun out as RioZim chairman following miner’s collapse

As previously reported, RioZim’s liquidity position steadily deteriorated, with total liabilities exceeding assets by at least US$11 million as of June 30, 2024.

By Tatira Zwinoira Sep. 29, 2025

Beebeejaun out as RioZim chairman following miner’s collapse

Union turns the heat on RioZim

The action was taken as the firm now has a massive debt burden, which the court application revealed to be at least US$191 million.

By Concilia Mupezeni Aug. 21, 2025

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Employees block RioZim's multi-million dollar asset disposal move

According to statements dated May 29 and July 17, 2025, RioZim was negotiating with potential investors for a US$20 million working capital injection.

By Concilia Mupezeni Aug. 17, 2025

Employees block RioZim's multi-million dollar asset disposal move

RioZim close to closing major deals to resuscitate business

The action was taken as the firm was saddled with debts amounting to US$191 million.

By Business Reporter Jul. 22, 2025

RioZim close to closing major deals to resuscitate business

Once a mining giant, now an outlier: RioZim in crisis

Cam & Motor Mine produced only 185 kg of gold, a 63% decline from 499 kg in 2023, due to low gold recoveries and a shortage of high-quality ore.

By Kudakwashe Taimo Jun. 27, 2025

Once a mining giant, now an outlier: RioZim in crisis

RioZim faces graft complaint over tax, fraud, asset stripping

Zacc Commissioner Kindness Paradza confirmed receipt of the complaint, stating: “We can confirm that we received the report on the 24th of June, and it is under investigation.”

By Freeman Makopa Jun. 27, 2025