CAPITAL MARKETS

RioZim blames exchange rate for first quarter loss

RIO Tinto Zimbabwe, a unit of the multinational mining giant, reported a loss of US$545,454 for t...

Tim Treadgold

The loss was blamed on Zimbabwe's fixed exchange rate mechanism which sets the Zimbabwe dollar 55 against the US currency despite an unofficial rate of 140. The lower rate has been used by Zimbabwe's...

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A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

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