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*RioZim Closes 3 Gold Mines Due To Forex Shortage* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ru Zimbabwe Stock Exchange (ZSE) listed miner, RioZim Limited, told the Reserve Bank of Zimbabwe (RBZ) that it has suspended production at three of its gold mines due to foreign currency shortages. In a letter signed by board chairman Lovemore Chihota, RioZim said it had stopped operations at Cam and Motor in Kadoma, Renco Mine in Masvingo and Dalny Mine in Chegutu. Chihota said RioZim had received only 14 percent of its gold delivery proceeds in the last 30 months instead of the RBZ directive of 50 percent direct access to its nostro (forex) funds and 50 percent by application. ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* *LATEST: itel S24 (128) $124; S24 (256GB) $159* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- RioZim had previously threatened to sue the RBZ over foreign currency allocations. Another gold mine, Metallon Gold, recently closed one of its major gold mines in Mazowe amid foreign currency constraints and mounting debts. More: Herald _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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