Search results: Caledonia Mining

Resources group Caledonia Mining Corporation Plc says first quarter gold production at its local unit — Blanket Gold Mine came in slightly lower than same period last year due to flooding. The quarter under review is generally synonymous with...

GWANDA-BASED gold miner, Blanket says it is planning to invest US$35,8 million in plant maintenance and the implementation of its new underground operation called Central Shaft.The massive capital outlay will also be deployed towards setting up...

CALEDONIA Mining Corporation has injected US$67 million using internal cashflow initiatives into Blanket Mine’s five-year Central Shaft sinking project, which is due for commissioning this quarter.The Gwanda-based gold mine, which is owned by Caledonia, completed the...

Gold mining investors are pressuring Zimbabwe to change a law forcing producers to sell their output to the central bank, which partly pays them in local currency that’s worthless outside the country.That law is making it...

CANADIAN-based resources group, Caledonia Mining Corporation, has identified an international renewable energy firm, Voltalia, as the contractor to build a 12MW solar power plant at Blanket Mine in Matabeleland South.The group, which is listed on the...

MATABELELAND South-based gold mining company, Blanket Mine, says equipping of its Central Shaft has been slower than anticipated due to the adverse impact of Covid-19.The development is likely to shroud production guidance for next year and...

GWANDA-BASED gold mining company, Blanket Mine, which is owned by Caledonia Mining Corporation has recorded a 12,4 percent increase in gold ouput to  27 732 ounces for the first half ended June 30, 2020. In the relative...

Karo Resources, one of the biggest investors in the new dispensation, will soon start mine construction work at one of its envisaged four mining portals in Mashonaland West, The Sunday Mail Business has learnt.The miner inked...

Zimbabwe’s miners want to be allowed to use their gold output as security for foreign credit, saying increased country risk and central bank’s foreign currency regime has stalled expansion projects.The government has targeted mining as its...

Gwanda gold miner Caledonia Mining Corporation Plc notes the announcement by His Excellency, President E.D. Mnangagwa on March 27, 2020, of a nationwide lockdown of Zimbabwe to restrict the spread of COVID-19 infections.  In terms of...

Local currency continued downward trend has created huge savings for Blanket Mine due to devalued bank loans and electricity bills.Caledonia Mining Corporation’s chief executive officer, Steve Curtis acknowledged that an additional US$30 million on profits was...

Despite the continued challenges being faced by the mining sector, some mines have managed to defy odds by consistently churning out positive results both for shareholders and the nation in general.During the course of the year,...