RioZim withdraws cautionary statements

LISTED miner RioZim Limited has withdrawn its June and July cautionary statements in which it warned of the impact of delayed gold payments, saying engagements with the central bank over the matter have been fruitful.

In June and July this year, RioZim said it was owed US$2,4 million and $65,5 million by Reserve Bank of Zimbabwe’s Fidelity Printers and Refiners (FPR), a situation that was crippling its operations.

“Shareholders are referred to the cautionary announcements dated June 15, 2020 and July 8, 2020 regarding the impasse between the company, Fidelity Printers and Refiners (Fidelity) and the Reserve Bank of Zimbabwe (RBZ) over outstanding payments for gold deliveries made by the company,” the statement read.

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