Caledonia inks two more indigenisation deals for Blanket

TSX- and Aim-listed Caledonia Mining said two further agreements have been signed in respect of the transfer of 20% of its Blanket mine, in Zimbabwe, to two indigenous Zimbabwean trusts. The company said that the agreements had been made in...

Caledonia lifts q-on-q profit by 420%

TSX-listed Caledonia Mining on Thursday said its quarter-on-quarter net profit skyrocketed by nearly 420% to $7.11-million, while year-on-year profit rose by 275%. Basic earnings a share were 1.4c, compared with 0.27c in the preceding quarter and...

Caledonia doubles Blanket output, targets 40 000 oz in 2012

TSX-, Nasdaq- and Aim-listed Caledonia Mining on Tuesday said it had doubled gold output at its Blanket mine in Zimbabwe to 35 826 oz in 2011. The miner reported that it had produced 10 533 oz of gold during the fourth quarter of 2011,...

Caledonia committed to indigenisation talks

Toronto- and London-listed Caledonia Mining is hoping to reach a mutually agreeable indigenisation implementation plan for its Blanket mine, in Zimbabwe. The gold miner said, on Tuesday, it remained committed to the ongoing indigenisation...

Zim indigenisation 'a political football' - Caledonia CEO

Caledonia Mining, the Toronto- and London-listed Zimbabwean gold miner, does not expect to finalise a sale of a stake to locals until the run-up to an election. CEO Stefan Hayden said the indigenisation law, which requires companies operating in...

Caledonia posts Q1 profit, expects to reach targeted output by Q3

Toronto-based Caledonia Mining, which produces gold from the Blanket mine in Zimbabwe, reported much-improved first-quarter financial results, thanks to higher gold prices and increased production levels. Shares in the company jumped 14,3% on...

Caledonia boosts gold output at Zimbabwe mine

TSX- and Aim-listed Caledonia Mining has substantially increased the production at its Blanket mine in Zimbabwe, with the gold operation achieving 99% of the targeted 40 000 oz/y production capacity by the end of 2010. Production reached an...

Caledonia profit up from Zimbabwe gold mine

Toronto-based Caledonia Mining earned C$1,7-million in the third quarter compared with C$826 000 a year earlier, after gold prices and production rose, and helped by significantly lower operating costs. Caledonia owns the Blanked gold mine in...

Caledonia commissions new shaft at Zim gold project

TSX- and Aim-listed Caledonia Mining has commissioned the underground installations at the No 4 Shaft project at its Blanket gold mine, in Zimbabwe. The gold miner on Thursday reported to shareholders that the underground crushing station and...

Blanket mine, Zimbabwe

An underground mine, situated in Zimbabwe

Caledonia ready to start commissioning at Zim expansion project

Toronto-based Caledonia Mining has wrapped up the underground installations for its number-four shaft project, at the company's Blanket gold mine in Zimbabwe, and still hopes to ramp up to an annualised 4 000 oz/y of gold by the end of the year....

Daily podcast – April 1, 2010

Caledonia Mining's Blanket gold operation will reach its targeted yearly output level of 40 000 oz/y before year-end; and BHP Billiton restarts the Groote Eylandt manganese mine, in the Northern Territory.