Nickel Investing News » RioZim to Raise $40M for Nickel and Gold Expansion

RioZim to Raise $40M for Nickel and Gold Expansion

May 27, 2010 @ 5:39 pm In Nickel Market News

RioZim ^[1] (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."

Click here to access the entire news ^[2]

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URL to article: http://nickelinvestingnews.com/1330-riozim-to-raise-40m-for-nickel-and-gold-expansion.html

URLs in this post:

[1] RioZim: http://www.riozim.co.zw/

[2] Click here to access the entire news: http://uk.reuters.com/article/idUKLDE64P17W20100526RioZim (RTNR.ZI)