Proactiveinvestors recommends
Stocktube video
26/11/2012

Caledonia Mining proposes regular dividend payments

View full size
Additional Information
Market: AIM
Sector: General Mining - Gold
EPIC: CMCL
1 year chart More charts
digital-look imported chart image
Deal CMCL Tax Free*
*subject to change and depends on individual circumstances.
1 day chart More charts
digital-look imported chart image
Advertisement
Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !
Caledonia Mining
www.caledoniamining.com
Deal Caledonia Mining Tax Free* Losses can exceed
your initial deposit *subject to change and depends on individual circumstances.

 

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).

 

Full Caledonia Mining profile here
Pdf

Caledonia Mining expects further discussion with Zambian authorities over Nama licences

September 24 2012, 8:11am The company said: “Caledonia expects that further discussions with the department may be necessary to clarify the precise terms of the conditions, which largely reflect Caledonia's representations to the department in response to the May notification.'

Caledonia Mining Corporation (LON:CMCL, CVE:CAL) has been told by the Zambian authorities it must meet a number of conditions in order to continue holding the mining licence covering the company’s Nama base metals project.

According to a letter from the Zambian Mines Development Department the company is currently not complying with certain requirements governing the licences it holds. It has been asked to give a written assurance it will remedy the situation.

The letter calls for commencement of cobalt production by the end of June next year and the submission of an updated copper sulphide ore reserve statement by the same date. 

The authorities also expect “copper sulphide resource exploitation” by the end of March 2105 as well as regular technical progress on how the company will treat cobalt ore.

The letter was written following “written representations” and a direct meeting with the Zambian Minister of Mines, Energy and Water Development and other officials from the department in May.  

Caledonia said this morning: “The principal issue of concern for the Zambian authorities was the timing of the commencement of mining activities on the lands covered by the licences.” 

It added: “Caledonia expects that further discussions with the department may be necessary to clarify the precise terms of the conditions, which largely reflect Caledonia's representations to the department in response to the May notification.

“Caledonia intends to comply with the conditions set out in the letter and believes at this time that its proposed course of action will do so.” 


No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.