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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: 1214 GBX

AIM:CMCL
Market: AIM
Market Cap: £147.12 m
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Caledonia Mining Corporation acquires option to explore previously producing...

Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) (LON:CMCL) CFO Mark Learmonth tells Proactive the group has formed an agreement where it has the exclusive right to explore and acquire the mining claims over Connemara North, in the Gweru mining district in the Zimbabwe Midlands. Learmonth...

on 17/12/20

2 min read