Caledonia finds near-surface copper at Zambian prospect

The announcement of a new mineralised copper zone at Caledonia Mining’s Nama copper deposit in Zambia breathed life into the company’s shares in Toronto, sending them up by over 10% on high trading volumes. Caledonia said while the estimated...

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 awaits word on Zimbabwe indigenisation, eyes Zambia copper

Caledonia Mining, which operates the Blanket gold mine in Zimbabwe, will limit its spending in the country to exploration and sustaining capital until there is clarity on the government's indigenisation programme, but can happily continue in the...

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 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...

Caledonia's Zim mine could reach 40 000 oz/y by year-end

Despite ongoing challenges regarding power supply stability, new indigenisation legislation and working capital pressures, indications are that Caledonia Mining's Blanket gold operation in Zimbabwe will reach its targeted annualised output level...

Caledonia exported 766 oz from Zimbabwe gold mine since April restart

Canada-based Caledonia Mining produced 766 oz of gold from its Blanket mine, in Zimbabwe, during April, and delivered the metal to Rand Refineries in South Africa, the firm reported on Wednesday. Caledonia announced early last month that it...

Daily podcast – April 6, 2009

In today's podcast: Caledonia Mining plans to restart its Blanket gold mine, in Zimbabwe, as soon as possible; and the total liability of Pamodzi Gold's provisionally liquidated Orkney gold mine has been calculated at R337-million.

Caledonia will restart Zimbabwe gold mine

Canada-based Caledonia Mining plans to restart its Blanket gold mine, in Zimbabwe, “as soon as possible”, after receiving the permissions and licences it needs under the country's new regulations governing gold trading, the firm announced on...

Zambia grants licence for cobalt mine, but tax uncertainties cloud future

Toronto-based Caledonia Mining has been awarded 25-year mining licences for its Nama cobalt project, in Zambia, but still needs to clear up disparities between an investment licence received from the government and the country's contentious new...