Zimbabwe: Riozim Seeks U.S $45 Million to Address Debt

MULTI-commodity miner RioZim Limited on Wednesday said it is negotiating for a US$45 million dollar facility to refinance the group's debt which now stands at US$40 million.

Speaking at the mining company's annual general meeting (AGM), managing director Ashton Ndlovu said negotiations with an international financier over the loan were at an advanced stage adding the cash would help increase the capacity utilisation and earnings once it has been made available.

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