RioZim Freezes Mine Sale After Court Sides With Wo…

📅 Published: August 15, 2025

📰 Source: zimbabwenow

Curated by AllZimNews.com

The Company intends to appeal the said order granted,” RioZim said.

According to the company, the proposed transactions were intended “to bring much-needed funding into the operations of the Company to assist with payment of employee salaries and creditors and to resuscitate mining operations. ” It added that the deal was expected “to restart mining operations and alleviate the current hardships being faced by the workers, as well as elevate the current operations to a new level. ” RioZim said it had “taken a decision to put on hold all transactions contemplated in the cautionary statement until the outcome of the appeal. ” The company’s difficulties deepened last year when gold output fell 54%, even as peer producers expanded operations to benefit from record-high gold prices.

Munyaradzi Mashiri-Court CorrespondentA Zvimba man has been arraigned before the court accused of stealing US$2 000 from his employer and using it for personal gain.

Joseph Malunga ,42, appeared befo. 🔗

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