Caledonia concludes solar plant sale

“The consistency of our output reflects the strategic investments we've made across the business, and we remain on track to meet our increased production guidance,”

Caledonia Mining Corporation has successfully completed the sale of its local subsidiary, Caledonia Mining Services (CMS), to Cross Boundary Energy Holdings (CBE) for a pre-tax consideration of US$22,35 million payable in cash.CMS owns and operates the 12,2MWac solar plant that supplies power to Blanket Mine, its primary gold asset.“By selling the plant for US$22,35 million,…

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