LONDON, UK: Caledonia Mining Corporation Plc (Caledonia) has started directly selling gold produced from its Blanket Mine to a refiner outside Zimbabwe. The company had been looking at various avenues to achieve direct export of its gold since listing on the Victoria Falls Stock Exchange and completing the Bilboes acquisition. However, unrefined gold will still…
Tag: Blanket Mine
Caledonia Mining acquires 15% stake in Blanket Mine
ST HELIER: Caledonia Mining Corporation has completed the purchase of an additional 15 percent shareholding in Blanket Mine for $16.667 million. On November 6, 2018, Caledonia announced it had entered into a legally binding agreement with Fremiro Investments (Private) Limited to purchase Fremiro’s 15 percent shareholding in Blanket Mine. Completion of the purchase required approvals…