Search results: caledonia

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...

CALEDONIA Mining Corp. registered a strong showing in the first quarter of its 2020 financial year as operating and market circumstances combined favourably – perhaps for the first in a long time for the company.The importation of...

Blanket Mine has made a monetary donation to the Chamber of Mines Zimbabwe to support Zimbabwe’s COVID 19 pandemic response. We urge all residents of Zimbabwe to do what they can to limit the spread of...

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,...

Fin24Zimbabwe’s mine houses are considering going off grid to avoid crippling breaks in production, as the country continues to battle unstable power supply.In 2019, Zimbabwe endured up to 18 hours of load shedding per day. At...

Zimbabwe’s annual gold output fell 16.8% to 27.6 tonnes in 2019, coming off its record highs in 2018, as producers battled with power cuts and a currency crisis.The country had a record haul of 33.2 tonnes...

Caledonia Plc's Blanket Mine has introduced monthly and quarterly bonuses for its employees in a bid to boost morale and increase production.In its management discussion and analysis of the consolidated operating and financial results for the...