Search / Caledonia mining corporation
Foreign investment fuels Matabeleland gold rush
A surge in foreign investment and exploration activity in Zimbabwe's Matabeleland region is being hailed by mining analysts as a strong vote of confidence in the country's mining sector. This renewed ...Published: 29 Jun 2025 at 19:02hrs | 2695 | by Staff reporter
Ariston reduces costs with new solar plants
Zimbabwe Stock Exchange-listed agricultural company, Ariston Holdings Limited, has reported substantial financial savings driven by its investment in solar energy projects, which have helped reduce de...Published: 16 May 2025 at 10:08hrs | 70 | by Staff reporter
Zimbabwe records 62,5% rise in gold deliveries
Zimbabwe's gold sector continues to perform exceptionally well, with April 2025 gold deliveries reaching a remarkable 3.9 tonnes, marking a 62.5% increase from the 2.4 tonnes recorded during the s...Published: 08 May 2025 at 16:05hrs | 237 | by Staff reporter
Caledonia Mine sets new gold production record
Caledonia Mining Corporation Plc, a Jersey-domiciled miner focused on Zimbabwe's gold sector, has reported a near 10% increase in gold production for the first quarter of 2025, with a total of 18,671 ...Published: 16 Apr 2025 at 23:24hrs | 139 | by Staff reporter
Gold glitters as Caledonia's profit after tax jumps 872%
Caledonia Mining Corporation Plc, listed on the Victoria Falls Stock Exchange, has reported a remarkable 872% rise in profit after tax to US$16.45 million for the nine months ending September 30, 2024...Published: 12 Nov 2024 at 10:57hrs | 136 | by Staff reporter
AfDB to fund a $250 million gold mine in Zimbabwe
THE African Development Bank (AfDB) has shown great interest in funding Caledonia Mining Corporation's planned $250 million gold mine in Zimbabwe.The information was relayed by the company's c...Published: 06 Apr 2024 at 08:16hrs | 5 | by Staff reporter
Zimbabwe electricity imports down 57%
ZIMBABWE has started reaping savings from reduced energy imports following improved domestic electricity generation mainly from the upgraded Hwange Thermal Power Station and the rising contribution by...Published: 30 Jan 2024 at 04:22hrs | 24 | by Staff reporter
Zimbabwe gold output declines 15%
Zimbabwe produced 30 metric tons of gold in 2023, 15% less than the previous year, official data showed on Monday, as electricity cuts and currency volatility impacted output.The southern Afri...Published: 10 Jan 2024 at 17:47hrs | 12 | by Staff reporter
Zimbabwe mines need a web presence
Zimbabwe has only just over ten mines and mining companies with an online presence. Mines with a web presence include ZimPlats, Caledonia Mining Corporation, A and F Avalon Gold Mine, Renco Gold Mine,...Published: 24 Dec 2023 at 09:57hrs | 16 | by Jacob Kudzayi Mutisi
Caledonia Mining Corporation declares 14 cents dividend
Zimbabwe, October 2, 2023 - Caledonia Mining Corporation, a prominent global mining firm with operations in Zimbabwe, has declared a dividend of US$0.14 per share for the third quarter of its 2023 tra...Published: 03 Oct 2023 at 09:17hrs | 18 | by Staff Reporter
Caledonia starts direct sale of gold outside Zimbabwe
MULTI-ASSET gold producer Caledonia Mining Corporation has commenced the direct sale of gold produced from Blanket Mine — its flagship operation — to a refiner outside Zimbabwe, NewsDay Business c...Published: 05 May 2023 at 06:20hrs | 1 | by Staff reporter
Zimbabwean companies descend on the London Stock Exchange
Zimbabwean companies and corporate executives from home and in the diaspora will tomorrow descend on the London Stock Exchange (LSE) - one of the world's biggest bourses in the world with a market cap...Published: 19 Apr 2023 at 20:39hrs | 5 | by Staff reporter
Caledonia ramps up gold production
GROSS revenues at Victoria Falls Stock Exchange-listed Caledonia Mining Corporation grew by 17,4% to US$142 million last year compared to the same period in 2021, on the strength of increased gold out...Published: 30 Mar 2023 at 06:36hrs | 1 | by Staff reporter
Zanu-PF supporters urged to secure party's victory, says Mnangagwa
PRESIDENT Mnangagwa yesterday implored Zanu-PF supporters to secure the party's victory in the 2023 harmonised elections by registering to vote as well as mobilising support for the ruling party....Published: 17 Nov 2022 at 05:05hrs | | by Staff reporter
Mnangagwa arrives for Matabeleland South visit
MATABELELAND South will be under the spotlight as President Mnangagwa is today expected to commission the Blanket Mine Central Shaft in Gwanda District during his two-day visit to the province....Published: 17 Nov 2022 at 05:04hrs | | by Staff reporter
Nedbank Zimbabwe heads for VFEX
FINANCIAL services outfit, Nedbank Zimbabwe said on Friday it planned to list on the Victoria Falls Stock Exchange (VFEX) on November 18, becoming the first lender to trade its stock at the waterfall ...Published: 24 Oct 2022 at 06:09hrs | 3 | by Staff reporter
Zimbabwe gold: new entrant, new strategy, new potential
The formal gold mining sector in Zimbabwe is really dominated by one mining player – Caledonia Mining Corporation. But this is set to change. A company previously focused on oil and gas has changed ...Published: 18 Oct 2022 at 06:10hrs | 1 | by Staff reporter
US$ VFEX market capitalisation jumps 25% in Q3
The Victoria Falls Stock Exchange (VFEX) market capitalisation increased by 25 percent to US$345 million in the third quarter to September 30, 2022 from US$273,24 million in the previous quarter....Published: 18 Oct 2022 at 05:57hrs | 1 | by Staff reporter
Matshe Koko's firm to build massive solar plant in Zimbabwe
The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has signed a power purchasing agreement with a South African independent power producer, Matshela Energy Limited, for a 100MW sol...Published: 05 Aug 2022 at 06:38hrs | 3 | by Staff reporter
Duration Gold launches Zimbabwe 'second biggest' exploration
AMBITIOUS resources outfit Duration Gold said this week it had launched a ground breaking multi-commodity exploration campaign, which could help it achieve a long-cherished ambition to become a large-...Published: 17 Jun 2022 at 08:56hrs | 94 | by Staff reporter
Gwanda mine raises US$8 million from Victoria Falls bourse
WITH only six months after officially listing on the Victoria Falls Stock Exchange (VFEX), Jersey domiciled gold producer, Caledonia Mining Corporation, which operates Blanket Mine in Gwanda, says the...Published: 09 Jun 2022 at 06:37hrs | 14 | by Staff reporter
Canadian gold miner set to acquire 4 Zimbabwean mines
CANADA based miner, Zephyr Minerals Limited, is set to acquire four gold mines in Zimbabwe.In a statement to shareholders this week, the company said it had "investigated 12 potential gold pro...Published: 12 Mar 2022 at 07:54hrs | | by Staff reporter
Blanket inks fresh deal
CALEDONIA Mining Corporation Plc has entered into a zero-cost contract to hedge approximately 25% of its targeted gold production for 2020 at its flagship operation, Blanket Mine in Gwanda.The...Published: 25 Feb 2022 at 07:16hrs | | by Staff reporter
Fatal accident at Blanket Mine
ONE of Blanket Mine's employees, Andrew Clydon Phiri, died yesterday morning following an accident involving a Left-Hand Drive (LHD) loader at the mine's underground haulages. The Gwanda -base...Published: 22 Feb 2022 at 15:31hrs | 1 | by Staff reporter
Caledonia CEO to leave next year
CALEDONIA Mining Corporation chief executive Steve Curtis will retire at the end of June next year, six months after leading the firm's listing on the Victoria Falls Stock Exchange (VFEX).The ...Published: 23 Dec 2021 at 05:40hrs | 13 | by Staff reporter
'Zimbabwe should join EITI to promote transparency'
ZIMBABWE should join the Extractive Industry Transparency Initiative (EITI) to promote transparency and accountability to stop the looting of the country's mineral resources.The EITI is a glob...Published: 12 Dec 2021 at 19:35hrs | 10 | by Staff reporter
'Tax incentives rip off Zimbabwe'
A LEADING resources watchdog has piled pressure on government to disclose the value of potential revenues it forfeits due to special tax incentives offered to attract investment.The Zimbabwe E...Published: 12 Dec 2021 at 19:13hrs | 12 | by Staff reporter
Mnangagwa officially opens VFEX and Caledonia Corporation listing
PRESIDENT Mnangagwa has officially opened the Victoria Falls Stock Exchange (VFEX) here and presided over the listing of global mining giant, Caledonia Mining Corporation Plc.Caledonia is the ...Published: 02 Dec 2021 at 15:51hrs | 11 | by Staff reporter
Mnangagwa in Victoria Falls for Caledonia VFEX listing
PRESIDENT Mnangagwa will be in Victoria Falls today to officiate at an event to mark the official listing of Caledonia Mining Corporation on the Victoria Falls Stock Exchange (VFEX).The foreig...Published: 02 Dec 2021 at 05:32hrs | 13 | by Staff reporter
Power crisis pushes Blanket Mine into fresh costs
GOLD focused resources giant, Caledonia Mining Corporation says it will increase capital injections at its Zimbabwe-based Blanket Mine by 78% in 2022 due to a worsening power crisis.The New Yo...Published: 28 Nov 2021 at 08:01hrs | 10 | by Staff reporter
BNC heads for VFEX
BINDURA Nickel Corporation (BNC) is set to delist from the Zimbabwe Stock Exchange (ZSE) next month and switch to the forex-indexed Victoria Falls Stock Exchange (VFEX) under a strategy spelt out by c...Published: 22 Nov 2021 at 06:10hrs | 11 | by Staff reporter
Caledonia splurges US$4m on Zimbabwe gold mine
DUAL-LISTED resources giant, Caledonia Mining Corporation is set to buy Pan African Mining's Maligreen goldfields near Gweru to develop its second bullion assets in two decades.The asset is wo...Published: 26 Sep 2021 at 19:47hrs | 2 | by Staff reporter
Mines troop to VFEX
GOVERNMENT says several mining firms have indicated plans to list on Zimbabwe's year-old bourse, the Victoria Falls Stock Exchange (VFEX).VFEX, which exclusively trades in foreign currency, ha...Published: 03 Sep 2021 at 06:51hrs | 2 | by Staff reporter
Tagwirei linked companies cited in US$49m privatisation deal
AS Treasury maintains a tight lid over the identity of gold producers who snapped 60% shareholding in Fidelity Printers and Refiners (FPR), emerging details show that Kuvimba Mining House, Better Bran...Published: 20 Aug 2021 at 07:22hrs | | by Staff reporter
VFEX in dramatic rebound
THE Victoria Falls Stock Exchange (VFEX) has dramatically emerged to capture some of Zimbabwe's biggest firms, with multinationals making bold moves to step into the waterfall in the past week....Published: 11 Jul 2021 at 10:42hrs | 1 | by Staff reporter
Padenga delists, heads for VFEX
ZIMBABWE Stock Exchange (ZSE)-listed crocodile breeder, Padenga Holdings is set to delist today before switching to the Victoria Falls Stock Exchange (VFEX).The VFEX has struggled to attract c...Published: 09 Jul 2021 at 12:06hrs | | by Staff reporter
Mnangagwa to officially commission Blanket Mine central shaft
PRESIDENT Mnangagwa would soon commission the Blanket Gold Mine central shaft project in Gwanda, Matabeleland South, which is one of the flagship mining investment projects towards achievement of a US...Published: 20 May 2021 at 05:59hrs | 1 | by Staff reporter
Blanket completes Zimbabwe's deepest gold shaft
RESOURCES firm Caledonia Mining Corporation has blasted off its first gold ore at the US$67 million Central Shaft at Blanket Mine in Gwanda, marking the beginning of a new era following six years of p...Published: 07 Apr 2021 at 07:07hrs | | by Staff reporter
Caledonia sinks US$60m into Gwanda project
CALEDONIA Mining Corporation Plc (Caledonia) has spent about US$60 million developing the Central Shaft project, which is due to be commissioned during the first quarter of next year.In a stat...Published: 04 Dec 2020 at 07:17hrs | | by Staff reporter
De-listing wave hits ZSE
FIVE counters have announced plans to de-list from the Zimbabwe Stock Exchange (ZSE), precipitating fears that a new forex-denominated bourse planned for Victoria Falls could ground one of Africa's ol...Published: 16 Oct 2020 at 07:19hrs | 1 | by Staff reporter
Blanket Mine complete $44 million central shaft sinking
CALEDONIA Mining Corporation says shaft sinking at the new Central Shaft at Blanket Mine has been completed under an estimated $44 million investment.In a statement, the mining group, which ow...Published: 25 Jul 2019 at 20:15hrs | | by Staff reporter
Blanket Mine meets output target
CALEDONIA Mining Corporation says its local operation, Blanket Mine, last year produced 54 512 ounces of gold in line with the projected annual target which ranged between 54 000 and 56 000 ounces. ...Published: 18 Jan 2019 at 12:59hrs | 1 | by Staff reporter
Blanket Mine meets output target
CALEDONIA Mining Corporation says its local operation, Blanket Mine, last year produced 54 512 ounces of gold in line with the projected annual target which ranged between 54 000 and 56 000 ounces. ...Published: 18 Jan 2019 at 11:50hrs | | by Staff reporter
Blanket Mine’s gold output up 13%
GOLD output at Blanket Mine in Matabeleland South increased by 13 percent from 714, 000 ounces in August 2017, to 805, 000 ounces as at July 2018 on the back of an ongoing resource upgrade exercise. ...Published: 24 Sep 2018 at 09:58hrs | 10 | by Staff reporter
We are not scared of Zimbabwe
Zimbabwe focused gold junior Caledonia Mining Corporation is looking at opportunities to expand its investment in the country, where it currently runs a 50 000 ounce per year mine, despite the country...Published: 15 Jun 2017 at 07:12hrs | | by Staff reporter
UK warms up to Zimbabwe indigenisation laws
BRITAIN has endorsed the refined indigenisation regulations in a major sign of thawing relations between London and Harare. The stance could trigger renewed investments from the Europeans that...Published: 17 Jan 2016 at 08:57hrs | | by Staff reporter
Caledonia's Zim gold mine boosts production
Toronto Stock Exchange-listed Caledonia Mining Corporation is pinning its hopes of lowering production costs on increased gold output.The firm says it is targeting production of 50,000 ounces...Published: 06 Jan 2016 at 14:19hrs | 1 | by Staff Reporter
Blanket's gold output up
Caledonia Mining Corporation has said its 49 percent owned Blanket gold mine continues to operate profitably despite prevailing weak gold prices. In recent months the price of gold has fal...Published: 17 Aug 2015 at 08:26hrs | | by Staff reporter
Gold mine executive comments on the current working environment in Zimbabwe - Video
Caledonia Mining mines gold at its main operating asset, the 49%-owned Blanket gold mine in Gwanda. It is also progressing its understanding of a number of promising satellite projects close to Blanke...Published: 27 Apr 2015 at 11:18hrs | 1 | by Edison Investment Research
Blanket mine increases productions
Caledonia Mining Corporation's Gwanda based gold mining concern, Blanket Mine has increased production for the second quarter of 2013 by more than 10 percent according to the latest production figures...Published: 02 Jul 2013 at 18:01hrs | | by Business reporter
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