Mining Index Zimbabwe

RioZim Bounces Back to a US$48.6 Million Net Profit

- Local -
October 23, 2026

RioZim Limited has rebounded strongly, reporting a net profit of ZiG1.30 billion (approximately US$48.6 million) for the six months ended 30 June 2026, following a turnaround in operations and improved market conditions after a period of severe disruptions.

The diversified mining house saw its total revenue surge more than tenfold to ZiG299.90 million, up from a meager ZiG21.64 million recorded during the same period last year.

This drastic turnaround was largely.

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