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Search results: Caledonia Mining

Caledonia life extended

Toronto Stock Exchange (TSX) listed Caledonia Mining Corporation, whose main and only producing asset is Zimbabwe based Blanket Mine, says successful exploration at the gold mine has extended the life of mine (LOM) from six to...

Need for mining players to merge forces

Mining is one of Zimbabwe’s largest foreign currency earners, contributing more than 60% of the forex earnings. It also constitutes about 15% of gross domestic product (GDP), between 8 to 12% of government revenue and more...

MNANGAGWA TAKE OVER: What has changed in the Mining sector

The ascendance of President Emmerson Mnangagwa following the departure of Robert Mugabe through a military intervention came with it massive changes within the mining landscape, key to it being a change in policies.Keen to revive the mining...

Kavango’s Nara Gold Project Deal Falls Through, Company Pursues Legal Action Against Seller

Kavango Resources has launched legal action after the planned acquisition of the Nara Gold Project in Zimbabwe collapsed when the seller failed to complete the transfer of the asset within the agreed timeframe, Mining Zimbabwe reports. By...

How VFEX Can Make Zimbabwe a Mineral Price-Setter, Not Just a Price-Taker

For decades, Zimbabwe has played the role of price-taker in global mineral markets. Its lithium, gold, platinum, and chrome are priced in London, Shanghai, or New York, determined by trading floors thousands of kilometres away, reflecting...

Blanket Mine Pays US$1.5 Million Dividend to Gwanda Community Trust

Caledonia Mining Corporation Plc has reaffirmed its commitment to responsible and inclusive mining in Zimbabwe, announcing a US$1.5 million dividend payment from its subsidiary, Blanket Mine, to the Gwanda Community Share Ownership Trust (GCSOT), Mining Zimbabwe...

Blanket Production Decreases 12.5% in Q4 2025 Amid Power and Grade Challenges, Meets Annual Guidance

Multi-listed gold-focused miner Caledonia Mining Corporation Plc has announced that gold production at its flagship Blanket Mine in Gwanda decreased by 12.5% in the fourth quarter of 2025, driven by operational challenges, while the operation still...

Zimbabwe’s Royalty Revision Secures Bilboes Project’s US$484 Million Future

Multi-listed, gold-focused miner Caledonia Mining Corporation Plc has confirmed that the enacted Zimbabwe Finance Act of 2025 has formally cemented a favourable revision to the gold royalty regime, providing critical fiscal certainty for its flagship US$484...

Zimbabwe Sets New Gold Royalty Threshold at US$5,000, Exempts ASM

In a major policy shift, Finance Minister Mthuli Ncube has unveiled a revised sliding-scale royalty structure for gold, significantly raising the trigger for the top 10% rate following fierce opposition from miners. The new proposal, announced...

Zimbabwe Signals Royalty Review After Gold Sector Backlash

In a significant shift following intense industry pressure, Zimbabwe's Finance Minister, Professor Mthuli Ncube, has indicated the government is open to revising its recently proposed hike in gold royalties, Mining Zimbabwe can report. By Rudairo Mapuranga The move...

Diamond Producers Demand Fiscal Reform as Zimbabwe’s Fixed Royalty Bites

Diamond mining companies operating in Zimbabwe are mounting a unified and urgent appeal to the government to reform the sector's fixed 10% royalty rate, which they label as one of the highest and most uncompetitive in...

Zim’s Top Gold Producers Go Head-to-Head at Capital Markets Awards

Zimbabwe’s gold sector is set for a high-stakes showdown as two of the country’s top bullion producers, Caledonia Mining Corporation Plc and Padenga Holdings Limited, the parent company of Dallaglio Investments, go head-to-head at the upcoming...

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