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Caledonia Mining to see substantial earnings increase from Zimbabwe tax boost

Steve Curtis discusses with Proactive's Andrew Scott the impact on Caledonia Mining Corporation PLC (LON:CMCL TSX:CAL) from changes in Zimbabwe’s export credit rules.

The Reserve Bank of Zimbabwe raised the Export Credit Incentive (ECI) paid to all gold miners to 10% from 2.5% in February.

Assuming gold remains at US$1,260 per oz, the benefit to Caledonia - which owns 49% and runs the Blanket gold mine - might be an extra US$5.1mln over the full year to December.

Quick facts: Caledonia Mining Corporation PLC

Price: 1845 GBX

Market: AIM
Market Cap: £212.56 m

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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...

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