RioZim banks on fresh funding to stay afloat

0
7

RIOZIM is betting on the finalisation of a major line of credit and a new ownership deal to turnaround its waning fortunes which could potentially revamp its production efficiencies and provide working capital.

The Zimbabwe Stock Exchange (ZSE)-listed gold producer has for several years been running a high-cost inefficient operation — which even the current 16-month gold price boom has barely changed its difficulties.

LEAVE A REPLY

Please enter your comment!
Please enter your name here