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    market news

    RioZim to Raise $40M for Nickel and Gold Expansion

    Investing News Network
    May. 27, 2010 04:39PM PST
    Base Metals Investing

    RioZim (RTNR.ZI), a Zimbabwe mining group, has announced that they would raise a total of $40 million to renovate a nickel refinery and fund the expansion of its gold mining projects.
    Paul Markham, RioZim operations director is quoted saying:
    “We would want to have a senior partner … who would build and operate the station, we are […]

    RioZim (RTNR.ZI), a Zimbabwe mining group, has announced that they would raise a total of $40 million to renovate a nickel refinery and fund the expansion of its gold mining projects.

    Paul Markham, RioZim operations director is quoted saying:

    “We would want to have a senior partner … who would build and operate the station, we are not in the business of power.”

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