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Caledonia Mining to raise up to US$13mln for construction of solar power plant at Blanket

Caledonia Mining's (LON:CMCL) Maurice Mason discusses the miner's intention to raise up to $13mln through a block listing on the NYSE American for the construction of a solar power plant to supply electricity to the Blanket Mine in Zimbabwe. Mason says the 12 megawatt project will take care of its baseload electricity demand at the mine during daylight hours. ''Electricity supply is one of the more important strategic issues we have to deal with at the business so having a solar project with the levels of reliable sunshine we have certainly will make a different''.

Quick facts: Caledonia Mining Corporation PLC

Price: 1290 GBX

AIM:CMCL
Market: AIM
Market Cap: £156.33 m
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Caledonia Mining signs agreement with Zimbabwe government which is...

Caledonia Mining Corporation PLC's (LON:CMCL)(TSE:CAL) Mark Learmonth talks to Proactive London after signing an agreement with the Government of the Republic of Zimbabwe. Learmonth explains how the country's government is now keen to 'reach out to companies like Caledonia who demonstrably...

3 weeks, 1 day ago

2 min read