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.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article