Proactive Investors - Run By Investors For Investors

Caledonia Mining 'putting itself forward' as Zimbabwe sells gold assets

Caledonia Mining Corporation PLC's (LON:CMCL) Mark Learmonth tells Proactive London's Andrew Scott they're to move ahead with the acquisition of a further 15% of the Blanket gold mine in Zimbabwe from local investment group Femiro.

The terms of the deal were first set out in a memorandum of understanding in August.

Separately, Learmonth adds that they've put themselves forward and made bids on a number of state-owned gold assets the government's looking to offload to raise cash.

Plus he discusses the ongoing shortage of foreign exchange in the country saying that it hasn't impacted operations at Blanket.

Meet Faron Pharmaceuticals Ltd, Belvoir Lettings, Silence Therapeutics PLC, ANGLE PLC and ReNeuron Group PLC at our event, London , 23 May 2019. Register here »
View full CMCL profile View Profile

Caledonia Mining Corporation Timeline

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use