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Caledonia is an African focused mining and exploration company with an operating gold mine in Zimbabwe, a copper-cobalt exploration project in Zambia and two platinum-nickel exploration projects in South Africa. Caledonia is listed on the TSX (CAL), and on AIM (CMCL) and its shares are traded on the NASDAQ-OTCQX (CALVF).

 

Website:
http://www.caledoniamining.com/
Phone:
+1 (416) 369 9835
Address:
Suite 1201, 67 Yonge St, Toronto, Canada M5E 1J8.
Super Sector:
General Mining - Gold
Sector:
Mining
Industry:
General Mining
EPIC / Symbols:
LON:CMCL
chart-size
*subject to change and depends on individual circumstances.

Caledonia Mining RNS Press Releases

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Caledonia Mining Articles and News

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Caledonia Mining Related Media

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Broker press

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  • 16/05/13
    +0.00 +74.00

    WH Ireland initiates coverage with a "buy" rating and 106p target price.

  • 10/11/11
    +2.00 +7.50

    Press: Caledonia Mining rose after announcing a near six-fold increase in third-quarter profits. Source - Financial Times

Director dealings

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Date Director Trans Amount Type Price(p) Value (£) Holding %
23/05/13 J. Johnstone SELL 24,000 ORD 67.50 16,200 16,000 0.03
12/04/13 J. Johnstone EX 300,000 OPT 4.50 13,500 400,000 0.08
12/04/13 F.C. Harvey EX 400,000 OPT 4.50 18,000 1,604,300 0.31
12/04/13 C.R. Jonsson EX 1,000,000 OPT 4.50 45,000 1,559,469 0.30
12/04/13 M. Learmouth EX 447,300 OPT 5.75 25,720 1,367,300 0.26

BASIC RESULTS INFORMATION

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Date Type Turnover Profit EPS (p) Dividend (p) Currency
31/12/12 Full year 75.22 20.18 1.72 0.50 CAD
30/06/12 Interim 36.12 16.36 2.50 0.00 CAD
31/12/11 Full year 55.71 20.59 2.42 0.00 CAD
30/06/11 Interim 23.22 6.88 0.96 0.00 CAD
31/12/10 Full year 22.40 3.69 0.45 1.10 CAD

DIVIDEND HISTORY

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Currency Ex-Date Pay Date Net Dividend Currency Total for year
H2 Dividend 06/02/13 16/03/13 0.5000 CAD 0.5000

Presentations & Company Media

Related Research & Media

Company Statement

Canadian registered Caledonia is a mining, and exploration company with assets in Southern Africa. The Company's current focus is its producing Blanket gold mine in Zimbabwe, the Nama cobalt-copper project in Zambia and the Rooipoort and Mapochsgronde platinum-nickel exploration projects in South Africa.

The Blanket gold mine re-started production in April 2009 after a temporary shut-down due to the economic difficulties in Zimbabwe. In late 2010, Blanket successfully completed an expansion project which increased production capacity from 24,000 ounces of gold per annum to 40,000 ounces of gold per annum. Blanket holds significant brownfield exploration and development projects both on the existing mine area and on its satellite properties which are within trucking distance of the Blanket metallurgical recovery plant. Blanket is actively addressing these properties with a view to increasing its reserves and resources. Depending on the outcome of exploration and feasibility studies Blanket intends to significantly increase production.

The Nama Project is an advanced cobalt-copper exploration project in north-west Zambia. Caledonia has 4 mining licences covering approximately 860 square km. Exploration continues with a view to identifying an oxide resource of sufficient size and grade to support the large scale production of cobalt hydroxide. Exploration work in 2011 at Nama will also focus on two target areas with the objective of identifying traditional copperbelt mineralisation which could form the basis for an additional avenue of mining activity on the licence areas.

The Rooipoort platinum-nickel exploration project is located on the northern limb of the Bushveld complex, about 300kms north of Johannesburg. The Mapochsgronde platinum group metal exploration project is located on the eastern limb of the Bushveld complex, about 175km north-east of Johannesburg.

Caledonia has a strong, experienced management team and Board of Directors with diverse expertise in gold production, exploration, mine development, finance and marketing.

 

Current Operations

Blanket Gold Mine

Overview

Blanket Mine is wholly owned and operated by Caledonia Mining Corporation, who acquired the mine from Kinross Gold Corporation with effect from April 2006.

Blanket Gold Mine is a well-established Zimbabwean gold mine, which operates at a depth of approximately 800meters below surface and currently has a production capacity of 40,000 ounces of gold per annum. Blanket also holds significant brownfield exploration and development projects both on the existing mine area and on its satellite properties which are within trucking distance of the Blanket metallurgical recovery plant.

The Blanket Mine is located in the south-west of Zimbabwe approximately 15 km west of Gwanda,the provincial capital of Matabeleland South. Gwanda is 150 km south east of Bulawayo the country's second largest city and 196 km northwest of the Beit Bridge Border post with South Africa, and 560 km from Harare, Zimbabwe's capital city. Access to the mine is by an all-weather tarred road from Gwanda, which is linked from Beit Bridge to Bulawayo and Harare by a national highway.

In late 2010, Blanket successfully completed an expansion project which increased production capacity from 24,000 ounces of gold per annum to 40,000 ounces of gold per annum.

 

 

A view of the Blanket Gold Mine

 

For further information on the Blanket Gold Mine and Zimbabwe please click here

Rooipoort Platinum Project

In 2002, Caledonia acquired the Rooipoort PGE/Ni/Cu Project from Anglo Platinum Limited. The property is in an area that is presently undergoing a surge in platinum group elements ("PGE") exploration along a well-mineralized feature known as the "Platreef". An additional 342 hectares on the Grasvally farm, immediately adjacent to and south of the Rooipoort property was optioned in 2004 and granted a New Order Prospecting Right in May 2005 (3 year period), with a further 43 hectares portion granted in April 2006 (5 year period). Application for conversion of the Rooipoort property into a new order right in terms of the Mineral and Petroleum Development Act ("MPRDA") was granted in November 2006.

In March 2006, Caledonia concluded an agreement, with Falconbridge Ventures of Africa (Pty) Ltd ("Falconbridge") to acquire a 100% interest in Falconbridge’s prospecting rights covering a total area of 4,315.81 hectares contiguous with the Company’s Rooipoort property and effectively doubles the area of Caledonia’s Rooipoort Project property underlain by Bushveld Complex rocks with PGM potential. The Falconbridge properties were granted New Order Prospecting Rights in April 2006 (3,099 hectares, for a period of 5 years) and September 2006 (1,217 hectares, for a period of 5 years). The total area of Caledonia’s New Order Prospecting Rights in the Rooipoort PGE/Ni/Cu properties is now 8,473.39 hectares.

 

 

View north from Grasvally to Rooipoort synform

 

For further information on the Rooipoort Platinum Project please click here

 

Nama Cobalt Property

Nama Group of Licences - Zambia

Caledonia Nama Limited, a wholly owned subsidiary of Caledonia, holds four contiguous Large Scale Mining Licences, which cover an area of 806 square kilometres on the northern extension of the Zambian Copperbelt and host open-pittable near-surface low grade cobalt /copper mineralization.

This area lies immediately north-west of the operating Konkola Copper mine and adjoins the extensive holdings of what was formerly Teal Mining and Exploration Limited (now a joint venture between African Rainbow Minerals and Vale).

Exploration continues with a view to identifying an oxide resource of sufficient size and grade to support the large scale production of cobalt hydroxide. Exploration work in 2011 at Nama will also focus on two target areas with the objective of identifying traditional copperbelt mineralisation which could form the basis for an additional avenue of mining activity on the licence areas.

 

 

In 2004 a mini bulk sample of 30 tonnes was excavated at Nama A (Discovery) site.

 

For further information on the Nama Cobalt Property please click here

 

 

Rooipoort Platinum Project

In 2002, Caledonia acquired the Rooipoort PGE/Ni/Cu Project from Anglo Platinum Limited. The property is in an area that is presently undergoing a surge in platinum group elements ("PGE") exploration along a well-mineralized feature known as the "Platreef". An additional 342 hectares on the Grasvally farm, immediately adjacent to and south of the Rooipoort property was optioned in 2004 and granted a New Order Prospecting Right in May 2005 (3 year period), with a further 43 hectares portion granted in April 2006 (5 year period). Application for conversion of the Rooipoort property into a new order right in terms of the Mineral and Petroleum Development Act ("MPRDA") was granted in November 2006.

In March 2006, Caledonia concluded an agreement, with Falconbridge Ventures of Africa (Pty) Ltd ("Falconbridge") to acquire a 100% interest in Falconbridge’s prospecting rights covering a total area of 4,315.81 hectares contiguous with the Company’s Rooipoort property and effectively doubles the area of Caledonia’s Rooipoort Project property underlain by Bushveld Complex rocks with PGM potential. The Falconbridge properties were granted New Order Prospecting Rights in April 2006 (3,099 hectares, for a period of 5 years) and September 2006 (1,217 hectares, for a period of 5 years). The total area of Caledonia’s New Order Prospecting Rights in the Rooipoort PGE/Ni/Cu properties is now 8,473.39 hectares.

 

 

 

For further information on the Rooipoort Platinum Project please click here

Managment

Carl R. Jonsson, LLB - Chairman, Secretary and Director

 

 

Mr. Jonsson received his Bachelor of Laws Degree from the Faculty of Law, University of British Columbia, Canada. He has spent the whole of his professional career as a practising lawyer and is the senior principal of the Vancouver law firm of Tupper, Jonsson & Yeadon.

For more than 35 years Mr. Jonsson’s legal practice has been as a specialist involved in securities and corporate law - with a particular focus on mineral exploration, mining and oil and gas companies. Mr. Jonsson has sat on the Board of Directors of many public companies, primarily involved in natural resource exploration. His work has been involved extensively with the securities laws of Canada and to some extent the US and other jurisdictions as well as the rules and requirements of the Toronto and Vancouver Stock Exchanges and the US NASDAQ.

Mr. Jonsson has, in his legal practice and as a result of his positions with many public companies, become familiar with the principal requirements for accounting and auditing and is accordingly qualified to act as a member of the audit committee of Caledonia.

Mr. Jonsson has been a director of Caledonia since February 1992 and prior to that date he was a director of one of the predecessor companies, Golden North Resources Inc. for many years. Mr. Jonsson is resident in Vancouver, British Columbia, Canada and is a principal of the law firm Tupper, Jonsson and Yeadon. Mr. Jonsson sits on the board of directors of several companies in Canada.

Mr Jonsson was appointed Caledonia’s Company Secretary in January 2006 and Chairman on December 10, 2010.

 

Stefan E. Hayden - President, Chief Executive Officer and Director

 

 

Mr. Hayden has extensive experience as a company manager in South Africa. Initially he founded, developed and managed an engineering company that manufactured flameproof mining machinery. He followed this by managing a company holding the Massey Ferguson franchise in the Transvaal and the Orange Free State and returned it to profitability for the then owners Standard Corporate Merchant Bank. He then founded and managed the South African agency for heavy electrical equipment sales and installations for Toshiba Corporation of Japan. He has been Managing Director of Industrial Brokers, a family company specializing in the procurement of steel and mining machinery, since 1971 and continues in this position.

With his wide managerial, electrical and mechanical, and mining experience Mr. Hayden has acted as technical advisor to numerous mines and companies in Southern Africa. Prior to their acquisition by Caledonia, Mr. Hayden was the Chief Executive Officer of Eersteling Gold Mining Company Limited and Barbrook Mines Limited. He joined Caledonia in 1995 and was appointed Managing Director, African Operations responsible for the development of Caledonia’s business in Africa. He is a Director of and responsible for all Caledonia’s subsidiary companies in South Africa, Zimbabwe, and Zambia and has been directly responsible for the expansion and running of Caledonia’s exploration programs in Zambia which are noteworthy as being probably the most extensive and intensive exploration undertaken by any exploration company in Zambia during the 1995/97 period. In June 1996, Mr. Hayden was elected as a Director of Caledonia and subsequently appointed Deputy Chairman of Caledonia. He served as Chairman of Caledonia from January 1997 to February 2005. In June 1997 he was appointed President and Chief Executive Officer.

 

Steve Curtis, C.A. (SA) - Vice President Finance, Chief Financial Officer and Director

 

 

Mr Curtis is a Chartered Accountant with over 24 years experience and has held a number of senior financial positions in the manufacturing industry. Before joining Caledonia in March 2006, he was Director Finance and Supply Chain for Avery Dennison SA and prior to this Financial Director and then Managing Director of Jackstadt GmbH South African operation. Mr Curtis is a member of the South African Institute of Chartered Accountants and graduated from the University of Cape Town. He was appointed to the Caledonia board in July 2008

 

James Johnstone, B.Sc., ARCST, P.Eng. - Director

 

 

A graduate mining engineer, Mr. Johnstone has 40 years experience in mine operations in North America, Africa, Europe and Asia. He has experience in both underground and open pit operations.

For the past 20 years he has been employed as General Manager or Vice President Operations for mining companies producing gold, base metals and industrial minerals. Mr. Johnstone has been responsible for the construction, start up and commissioning of two major mines. He has operated successfully in several environmentally sensitive areas worldwide.

Mr. Johnstone joined Caledonia in April 1997 as Vice President Operations and was responsible for Caledonia’s operations in Zambia and South Africa and for all activities in Canada. He was elected a Director of Caledonia in June 1997 and is a director of several of Caledonia’s subsidiaries. He retired from active employment with Caledonia in September 2006, but continues as a director.

 

Christopher Harvey, LRIC, HNC (Chem.) - Director

 

 

A Chemistry graduate from Wigan Mining College in Britain, Mr. Harvey has spent a major part of his career in the international mineral processing industry.

Prior to immigrating to Canada in 1987 from South Africa he worked for the Anglo American Group in a number of senior metallurgical positions. These included projects associated with gold and copper/cobalt production & gold, uranium and sulphuric acid production from old gold tailings.

Mr. Harvey joined Doelcam, a predecessor of Caledonia, in 1989 and as Vice President (Operations) was responsible for a number of mining property evaluations and production in several countries. He was appointed Senior Vice President of Caledonia at its inception in 1992 and was elected as a Director in 1993.

He has since held a number of senior positions within the company. He was the company’s Technical Director until his retirement from active employment in December 2005. He continues as a Director of several of Caledonia’s subsidiaries and provides consulting services to the company.

 

Robert Babensee - Non-executive Director

Mr Babensee is based in Toronto, Ontario, Canada and joined Caledonia’s Board in October 2008. He has been a member of the Institute of Chartered Accountants of Ontario, Canada since 1968.

From 1984 until his retirement in 2004, he was a partner of the Canadian accounting firm BDO Dunwoody LLP as an assurance specialist. He served as Chief Financial Officer for Golden China Resources Corporation, a natural resource company, between February 2005 and July 2006.

Mr Babensee is also currently a non-executive Director and a member of the audit, compensation and nominating committees of Apollo Gold Corporation, which is listed on the Toronto Stock Exchange and has gold exploration, development and producing assets in Canada, the USA and Mexico.

 

 

Richard Patricio -  Director 

Mr. Richard Patricio is Vice President Legal and Corporate Affairs at Pinetree Capital Ltd. ("Pinetree"), a Toronto-based resource-specialist investor and long-standing shareholder in Caledonia. Pinetree holds approximately 10.1% of the issued shares of Caledonia. 

Mr. Patricio currently holds directorships with several Canada-based publicly quoted resource companies. He previously practiced law at Osler Hoskin & Harcourt LLP in Toronto, and worked as in-house General Counsel for Teknion Corporation. Mr Patricio is also currently Vice-Pesident Corporate & Legal Affars of Mega Uranium Ltd. and Brownstone Ventures Inc.

 

Leigh Alan Wilson - Director 

Mr. Leigh Alan Wilson (67) has an international business and financial services background having served in senior executive and management positions with Union Bank of Switzerland (Securities) Ltd. in London and with the Paribas Group in Paris and New York where he served as CEO of Paribas North America between 1984 and 1990. 

Mr. Wilson has served on the Victory Fund Board since 1993 and currently serves as Independent Chairman of its Board of Trustees. The Victory Funds are a US $7 billion mutual fund complex. 

Mr Wilson is also the Chief Executive Officer of New Century Home Health Care Inc., a role he has held since 1995. In March 2006, Mr. Wilson received the Mutual Fund Trustee of the Year Award from Institutional Investor Magazine. 

 

John Lawson Kelly - Director 

Mr. John Lawson Kelly (59) has over 30 years of experience in the financial services industry in the U.S.A and international markets including emerging markets in Asia. He is registered with the Financial Industry Regulatory Authority of the U.S.A. as a General Securities Principal. 

Mr. Kelly is currently the Chief Operating Officer of Liquidnet Holdings, Inc. and a director of the AmeriCares Foundation. 

Within the last five years Mr. Kelly has been a managing director of JL Thornton & Co, LLC and CrossRoad LLC and he has also been an Independent Trustee of The Victory Funds.

 

Major Shareholders

Caledonia has 500,169,280 shares issued. The Directors and Officers hold 283,769 of the issued shares of Caledonia - being less that 0.05% of the total number of issued shares. The remaining 99.95% of the issued shares are in public hands .

For further information please click here

  • Additional Information
    Market
    AIM
    EPIC
    CMCL
    Share Price
    63p
    Change
    0
    Volume
    0
    Dividend
    0.5
    EPS
    1.72
    Shares
    52.12 m
    Offer
    64
    Bid
    62
    Avg. Vol
    2,719
    Yield
    0.00
    P/E
    36.63
    Mkt Cap
    £32.83 m
  • Latest Stocktube
    26/11/2012

    Caledonia Mining proposes regular dividend payments

    View full size
  • Contact Information

     

    Canada - Head Office 

    Caledonia Mining Corporation 

    Suite 1201, 

    67 Yonge Street, 

    Toronto, Ontario 

    M5E 1J8 Canada 

    Tel: +1 (416) 369-9835 

    Fax: +1 (416) 369-0449 

    Website: www.caledoniamining.com 

    Email: info@caledoniamining.com 

     

    South Africa 

    Greenstone Management Services (Pty) Ltd. 

    P.O. Box 587 

    Johannesburg 2000 

    South Africa 

    Tel: +27 11 447 2499 

    Fax: +27 11 447 2554 

     

    Zambia 

    Caledonia Mining (Zambia) Limited 

    P.O. Box 36604 

    Lusaka Zambia 

    Tel: +260 1 29 1574 

    Fax: +260 1 29 2154 

     

    Zimbabwe 

    Caledonia Holdings Zimbabwe (Limited) 

    P.O. Box CY1277 

    Causeway 

    Harare 

    Zimbabwe 

    Tel: +2634 701 151/4 

    Fax: +2634 702 248 

     

    Corporate Information

     

    SOLICITORS 

    Borden Ladner Gervais LLP 

    Suite 4100, Scotia Plaza

    40 King Street West

    Toronto, Ontario

    M5H 3Y4 Canada 

     

    Tupper, Jonsson & Yeadon 

    1710-1177 West Hastings Street 

    Vancouver, British Columbia

    V6E 2L3 Canada 

     

    AUDITORS 

    BDO Dunwoody LLP 

    Chartered Accountants

    Suite 3200, 200 Bay Street 

    Royal Bank Plaza, South Tower 

    Toronto, Ontario 

    M5J 2J8 Canada 

     

    REGISTRAR & TRANSFER AGENT 

    Equity Transfer & Trust Company 

    Suite 400 200 University Ave 

    Toronto, Ontario 

    M5H 4H1 Canada 

    Tel: +1 416 361 0152 

    Fax: +1 416 361 0470 

     

    BANKERS 

    Canadian Imperial Bank of Commerce 

    6266 Dixie Road 

    Mississauga, Ontario 

    L5T 1A7 

    Canada

     

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