Caledonia Mining to list on Victoria Falls Stock Exchange

ZIMBABWE – Caledonia Mining Corporation has confirmed its listing on Zimbabwe’s new stock exchange, Victoria Falls Stock Exchange, 10 days before trading on the bourse is scheduled to start. The exchange, known as VFEX will be based in the resort town of Victoria Falls and will trade in foreign currency exclusively as the Government seeks to lure much-needed dollars. It remains in talks to secure more listings. Commenting on the decision to list on the new bourse, Caledonia spokeswoman Camilla Horsfall said “we understand that the proposal is for the…

Read More

Zimbabwean gold miner Caledonia Mining to put up solar power plant

ZIMBABWE – Canada-based Caledonia Mining has revealed plans to invest $13 million it raised from a recent share issuance to back the development of a solar plant at its Blanket gold mine near Gwanda, Zimbabwe. The New York Stock Exchange listed mining and exploration company plans to build the US$18 million photovoltaic (PV) project in three 6.55 MW phases and expects the second stage of the facility to generate enough electricity to meet peak demand at the mine, with the third stage of the project expected to meet future peak…

Read More

Caledonia Mining Corporation seeks US$13m for installation of solar power plant

ZIMBABWE – Caledonia Mining Corporation, a mining, exploration and development company, is seeking to raise US$13 million for the installation of a solar power plant for Blanket Mine in Zimbabwe. The plan is part of the mining concerns strategy to beat power cuts that has dogged the mining industry largely for the past two years due to depressed local generation. It is also in sync with Government’s strategy to boost tapping into green and cost-effective energy. In a press statement released, the mining concern said it had signed an agreement…

Read More