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Caledonia Mining 'putting itself forward' as Zimbabwe sells gold assets

Caledonia Mining Corporation PLC's (LON:CMCL) Mark Learmonth tells Proactive London's Andrew Scott they're to move ahead with the acquisition of a further 15% of the Blanket gold mine in Zimbabwe from local investment group Femiro.

The terms of the deal were first set out in a memorandum of understanding in August.

Separately, Learmonth adds that they've put themselves forward and made bids on a number of state-owned gold assets the government's looking to offload to raise cash.

Plus he discusses the ongoing shortage of foreign exchange in the country saying that it hasn't impacted operations at Blanket.

 
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