Proactive weekly mining highlights: Caledonia Mining, Power Metal Resources, Kodal Minerals ...

A look at the week's main events in the small-cap mining sector

Caledonia Mining Corporation Plc -

Caledonia Mining Corporation Plc (LON:CMCL) on Friday announced that it is increasing its dividend thanks to an improved financial performance, driven by higher production and better gold prices. The quarterly dividend increases by 9.1% to 6.875 cents per share.

Power Metal Resources PLC (LON:POW) this week said it will take up the offer of a 40% earn-in interest in the Molopo Farms metals complex in Botswana, where airborne surveys have located five key targets for initial drilling.

Power Metal confirmed to its project partner that it plans to take up a 40% project interest in Molopo, which is currently 100%-owned by Kalahari Key Mineral Exploration Pty Limited.

Kodal Minerals PLC (LON:KOD) said it has begun compiling documents as it prepares to lodge an application for a mining licence at the Bougouni Lithium project in Mali in mid-January.

Trans-Siberian Gold PLC (LON:TSG) inked a deal with the main power supplier in Kamchatka, in Russia’s far east. Under the agreement, the power company, Kamchatskenergo, will supply electricity to the Asacha gold mine on low-tariff rates in 2020.

Petropavlovsk PLC’s (LON:POG) said its 31.1% owned associate IRC Limited had updated on the anticipated timeline for the Amur River Bridge project, which is now due by the end of 2020.

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