Riozim Sitting On Coal Reserves

RIO Tinto Zimbabwe (RioZim), sitting on 1.3 billion tonnes of unexploited coal reserves, is failing to entice independent power inves-tors into the long-stalled US$1.8 billion Sengwa power generation project.

The project has the capacity to boost Zimbabwe’s limited power generation capacity ahead of the expiry of the existing power import agreements in 2007.

RioZim, which owns about 1.3 billion tonnes of coal at its Sengwa Coal Fields, said it is raring to start mining of the coal deposits as soon as an independent power investor was found.

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