Breaking News

RioZim gold output up 18%

by Views Matopo
28 September 2018 | 480 Views
RioZim posted a revenue growth of 17 per cent in the six months to June owing to increased gold production from Dalny, Cam and Motor and Renco Mines supported by firm gold prices.

The group's diamond operations also continue on a positive growth trajectory.

According to the group's interim financial results "revenue for the period grew 17 % to US$44.4 million from US$37.8 million that was realised in the prior comparative period. The revenue growth came on the back of an 18 % increase in gold sales volumes to
1007kgs (852kgs in 2017) and a 5 % increase in the gold selling price."

Cam and Motor Mine produced "458kgs of gold which was 27 per cent above the comparative prior period production of 361kgs."

"Renco Mine produced 360kgs of gold which was 14 per cent higher than the comparative prior period."

"Dalny peformed well producing 232kgs of gold (2017:196kgs). The mine continued to work towards discovering more pittable ore resources and improved ore generation to a level where the mine is self-sufficient in terms of ore feed."




Meanwhile, RioZim has also renewed its interest to invest into power generation.

"With the coming in of the current political administration in Nov 2017 & its Zim is Open bus mantra there has been keen and renewed investor interest in the Sengwa power station… to commence in the immediate future," the group said.

The project entails the development of a coal mine, power station, water pipeline and power transmission lines to the national grid.

Relatedly, group is an advanced stage in developing solar fields at all of its mine sites as means of augmenting its power supply.

#ViewsFromMatopos

Views Matopo RioZim Gold

Source: Views Matopo

Comments

Latest News

Open letter to Innocent Kufa - Dear Sir,      ...

by Gordon W. McFarlane | 23 February 2019 | 11 Views

Mnangagwa's gamble works for the economy - Monetary Policy is defined ...

by Dr Masimba Mavaza | 23 February 2019 | 2 Views

Zimbabwe's rural politics - The vulnerability of Rural Zimbabweans pol...

by Clement Moyo | 23 February 2019 | 4 Views

ZAA International launches Canada Edition

by Agencies | 23 February 2019 | 6 Views

Callistus Ndlovu to be buried today

by Staff rpeorter | 23 February 2019 | 7 Views

Chamisa snubs Mnangagwa indaba, again

by Staff reporter | 23 February 2019 | 4 Views

Cop faces 3 counts of criminal abuse of office - An Odzi police office...

by Staff reporter | 23 February 2019 | 1 Views

Ex-Zanu-PF MP in court over $9 000 debt - Former Zanu PF Mbire legisla...

by Staff reporter | 23 February 2019 | 6 Views

Mnangagwa solidarity march flops

by Staff reporter | 23 February 2019 | 1 Views

Can Zimbabwe learn from history, the pain of yesteryear? - CENTRAL ban...

by Editorial - newsday | 23 February 2019 | 4 Views

Shamed cheat commits suicide - A 41-YEAR-OLD married Shamva woman comm...

by Staff reporter | 23 February 2019 | 5 Views

Man found with live pangolins in bedroom - A BULAWAYO man has been arr...

by Staff reporter | 23 February 2019 | 7 Views

On the run MDC MPs, not on the run, says MDC

by Staff reporter | 23 February 2019 | 1 Views

Ex-cop sues Mathema, Matanga for contempt of court - A FORMER police o...

by Staff reporter | 23 February 2019 | 5 Views

Seven key PSL venues, including Rufaro condemned

by Staff reporter | 23 February 2019 | 1 Views

Zimbabwe lost $2 billion on 1:1 forex exchange rate

by Staff reporter | 22 February 2019 | 86 Views

Abusive Zanu-PF councillor sets wife alight - Zanu-PF Ward 9 councillo...

by Staff reporter | 22 February 2019 | 97 Views

Chamisa cries as his political career ends

by Dr Masimba Mavaza | 22 February 2019 | 462 Views

'Chamisa, Mnangagwa power-sharing not on the agenda'

by Staff reporter | 22 February 2019 | 68 Views

Ginimbi to 'tour' Australia

by Staff reporter | 22 February 2019 | 101 Views

Fake news rocks Zimbabwe military - Zimbabwe National Army has disowne...

by Staff reporter | 22 February 2019 | 215 Views

Caps United avert player strike over unpaid dues - HARARE giants Caps ...

by Staff reporter | 22 February 2019 | 36 Views

Mnangagwa courts Chinese

by Staff reporter | 22 February 2019 | 79 Views

Zimbabwe/South Africa officials to meet ahead of Ramaphosa visit

by Staff reporter | 22 February 2019 | 60 Views

MDC Alliance members run away with ballot papers - DIVISIONS in the MD...

by Staff reporter | 22 February 2019 | 102 Views

Woman arrested for obscene message to lover's wife - A 28-YEAR-OLD wom...

by Staff reporter | 22 February 2019 | 105 Views

Bulawayo takes deliberate affirmative action policy

by Staff reporter | 22 February 2019 | 47 Views

Two stabbed, axed in gold rush - AN illegal gold panner from Plumtree ...

by Staff reporter | 22 February 2019 | 47 Views

Bosso zero in on three for captaincy - HIGHLANDERS' technical bench ha...

by Staff reporter | 22 February 2019 | 28 Views

Entertainment

TinTin suffers mental illness scare

by Mandla Ndlovu | 19 February 2019 | 4134 Views

Bulawayo artiste blasts Mnangagwa - BULAWAYO artiste Njabulo "SizFire"...

by Staff reporter | 18 February 2019 | 609 Views

Jabu features in nasty indecent tape - Studio 263 actor Jabu (real nam...

by Staff reporter | 18 February 2019 | 1471 Views

Omkhula lament lack of arts promoters in Zimbabwe

by Staff reporter | 17 February 2019 | 1057 Views

'Bulawayo artistes more popular outside Zimbabwe'

by Staff reporter | 17 February 2019 | 879 Views

Sex makes Zodwa Wabantu fat

by Staff reporter | 17 February 2019 | 3419 Views

HIFA 2019 cancelled

by Mandla Ndlovu | 15 February 2019 | 764 Views

WATCH: Jah Prayzah and Misred drop Kunerima video

by Mandla Ndlovu | 12 February 2019 | 5538 Views
iBlog

Five Reliable Outlook Pst File Repair Tools

Outlook pst files can become corrupted -- and when that happens, work grinds to a halt. if your organization relies on outlook, one of these tools could save the day. outlook is the industry standard groupware tool. let's take a look at five that can... Read More
ITnews 04 May 2015 ago

Apple Watch Teardown Reveals Unique Hardware And Replaceable Parts

The apple watch may not be fine jewelry, but bill detwiler cracks it open and shows you why he thinks it's a fine piece of tech. the apple watch may be beautiful on the outside, but how about on the inside? in this cracking open installment, we go in... Read More
Sergey 11 June 2015 ago