Zimbabwe’s mining sector is set to invest a minimum cumulative US$ 1 billion into various capital projects next year, a report has said. According to the Mining Industry Prospects for 2023, State of Mining Industry Report launched today, of these capital projects, 72 percent are expected
The Reserve Bank of Zimbabwe (RBZ) through its wholly owned gold purchasing subsidiary, Fidelity Printers and Refiners has paid part of the debt due to gold producer; Rio Zim but the miner insists the installment is rather “insignificant’. Last month, Rio Zim announced that it had
Local mining giant, Rio Zim Limited last year recorded a net profit of US$7.5 million up from an operating loss of US$150 000 posted in the prior year. By Jeoffrey Ncube According to the company end of year financial statement, despite the challenging and uncertain operating environment,
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