Caledonia Mining to buy one of Zimbabwe’s largest gold projects
Mining News Pro - Caledonia Mining Corporation (LON: CMCL) is set to be the new owner of one of Zimbabwe’s biggest gold mining projects after agreeing to acquire Bilboes Gold Limited, owner of the namesake gold project, in a $53 million shares deal, plus a royalty on revenues.
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Caledonia Mining to expand gold exposure in Zimbabwe
Mining News Pro - Gold miner Caledonia Mining is seeking ways to deepen its investment in Zimbabwe even though a currency crisis has dented its earnings and bureaucracy has slowed the company`s purchase of an increased stake.
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