Mining giant secures US$13 million for solar project

09 Sep, 2020 

CALEDONIA Mining Corporation, which owns Matabeleland South gold mine, Blanket Mine, has raised US$13 million for the construction of the planned 20MW solar power plant at the mine.

Caledonia announced recently that the proposed solar project was part of efforts to address electricity constraints that has over the years affected the mining industry.

The planned project is in line with the Government’s strategy to boost power production.

In a statement, the mining group said working capital for the proposed power plant was secured from a share sale on the New York Stock Exchange. – Chronicle

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