RioZim Restarts Operations At Three Gold Mines

RioZim has resumed operations at its three gold mines after receiving arrear payments from the central bank.

The company announced last week that it was shutting down operations at its Renco, Cam and Motor and Dalny mines for the second time in four months.

The move came after the Reserve Bank of Zimbabwe (RBZ) had failed to pay for part of its gold deliveries in United States dollars.

A statement released by the company concerning the resumption of operations read as follows:

… the company’s gold operations have resumed full production as normal. This development follows the fruitful discussions held with the Reserve Bank of Zimbabwe which facilitated the clearance of all arrear payments thus allowing the company to resume its normal operations.

More: Daily News

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