RioZim owner Harpal Randhawa dies in plane crash

Indian business mogul Harpal Randhawa has died after a his plane which was on its way from Harare to Murowa Diamonds crashed.

Randhawa and his son were among six people who died in the small RioZim plane.

It is reported that the plane was going to transport diamonds but developed a technical fault before it plunged into Peter Farm in the Zvamahande area.

In February, a Piper 31 Navajo aircraft owned by RZM Murowa was force landed in a farm field about 16 kilometres away from Beatrice south of Harare.

Randhawa, the founder of the US$4 billion private equity firm GEM Holdings, had a big stake in RioZim.

After global mining giant Rio Tinto plc left Zimbabwe in 2015 after 60 years in Zimbabwe, RioZim acquired its 78% stake in Murowa Diamonds and its 50% holding in the Sengwa Colliery mine.

Rio Tinto, the British-Australian multinational company that is the world’s second-largest metals and mining corporation,
also owned the Sengwa coal fields with RioZim on a 50-50 partnership.