Listed Mining Companies
TORONTO (miningweekly.com) – Toronto-based Caledonia Mining's Blanket gold mine, in Zimbabwe, has been awarded the title of 'exporter of the year' in the mining category, for the Matabeleland region, by the Zimbabwe National Chamber of Commerce, the company said on Monday.
The award was based on figures supplied by the Reserve Bank of Zimbabwe.
“This award re-confirms Blanket’s status as a significant participant in the Zimbabwean mining industry,” the company said.
Caledonia restarted the operations at Blanket in April, after being granted a gold dealers licence from the Ministry of Finance and a gold exporters license from the Reserve Bank of Zimbabwe, under the country's new gold dealing and export policy.
Under the new policy, gold producers can market and sell their gold directly and are also allowed to keep the payment for their gold in foreign exchange.
Caledonia announced in October last year that it had temporarily suspended gold production at Blanket because of “continuing nonpayment” of foreign exchange by the country's Reserve Bank, for the sale of gold delivered to the Bank's Fidelity Printers and Refiners.
Zimbabwean law at the time required all gold produced in the country be sold and delivered to Fidelity regardless of whether previous sales had been paid for or not.
