Zimbabwe News Update
nehandaradio
1 min read
HARARE – Embattled Zimbabwe Stock Exchange-listed miner RioZim Limited has said that the first half of 2025 was one of the most challenging periods in its recent history, marked by sharply reduced production across its mining operations and deep financial losses.
The company is, however, now charting a recovery path following a major restructuring exercise and a successful post-period capital injection.
In a statement accompanying its reviewed interim financial results for the six months ended 30 June 2025, chairman Caleb Dengu said the group’s operational difficulties stemmed from persistent undercapitalisation over the past three years, which limited its ability to sustain production and invest in key infrastructure.
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