Caledonia banks US2235m in solar sale realising US143m profit for gold growthImage from Caledonia banks US2235m in solar sale realising US143m profit for gold growth

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Zimbabwe News Update

📅 Published: August 18, 2025

📰 Source: nehandaradio

Curated by AllZimNews.com

📅 Published: August 18, 2025

📰 Source: nehandaradio

Curated by AllZimNews.com

The company initiated a bidding process in September 2024, managed by IH Advisory, its Zimbabwean financial advisors, which culminated in the agreement with CBE.

Under the terms of the sale, Blanket Mine will continue to receive power from the solar plant through an exclusive power purchase agreement.

This, according to the company, ensures a consistent supply of renewable energy, meeting approximately 20% of the mine’s daily electricity requirements.

Caledonia initially financed the construction of the solar plant through a US$13 million share offering in the USA in 2020.

The plant commenced operations in February 2023 and has since generated over 57,722MWh of power.

London-listed Caledonia delivers massive growth from strong…Aug 14, 202522,208Higher gold prices and output fuel Caledonia Mining’s…May 12, 202515,795Gold production soars at Caledonia’s Blanket Mine in…Jan 15, 202520,288Caledonia Mining posts US$135. 5m revenue, sells solar plant…Nov 12, 202416,434
London-listed Caledonia delivers massive growth from strong…Aug 14, 202522,208Higher gold prices and output fuel Caledonia Mining’s…May 12, 202515,795Gold production soars at Caledonia’s Blanket Mine in…Jan 15, 202520,288Caledonia Mining posts US$135. 5m revenue, sells solar plant…Nov 12, 202416,434
London-listed Caledonia delivers massive growth from strong…Aug 14, 202522,208
London-listed Caledonia delivers massive growth from strong…Aug 14, 202522,208
London-listed Caledonia delivers massive growth from strong…
Higher gold prices and output fuel Caledonia Mining’s…May 12, 202515,795
Higher gold prices and output fuel Caledonia Mining’s…May 12, 202515,795
Higher gold prices and output fuel Caledonia Mining’s…. 🔗

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