RioZim Mining Company Seeks Funding For Power Plant

Mining and Exploration
07/05/2015 09:38

RioZim – which mines gold, diamonds and coal in Zimbabwe – hopes to work with state-owned power utilities in South Africa and Namibia to build a US$2.1 billion 1 400-megawatt thermal power plant near its Sengwa coal mine in north west Zimbabwe, according to media reports. Excess electricity would be sold back to state-owned facilities such as South Africa's Eskom Holdings SOC and Namibia Power Corporation.