Zimbabwe gold miner Caledonia sells 12MW solar plant to Kenyan firm CrossBoundary Energy for $22.35mn

Zimbabwe gold miner Caledonia sells 12MW solar plant to Kenyan firm CrossBoundary Energy for $22.35mn

A top gold producer in Zimbabwe, Caledonia Mining Corp. (Caledonia), has concluded the sale of its 12.2-megawatt (MW) solar plant to Kenya-based ...

Caledonia completes sale of Solar Plant

Caledonia completes $22.35m sale of 12.2MWac solar plant, unlocking capital for growth strategy

Caledonia banks US$22.35m in solar sale, realising US$14.3m profit for gold growth – Nehanda Radio

HARARE - New York Stock Exchange listed Zimbabwean based gold mining giant Caledonia Mining Corporation Plc has announced the successful completion of the sale of its subsidiary, Caledonia Mining Services (Private) Limited (CMS), to CrossBoundary Energy Holdings (CBE) for a pre-tax cash consideration of US$22.35 million. The post Caledonia banks US$22.35m in solar sale, realising US$14.3m profit for gold growth appeared first on Nehanda Radio.

Caledonia Mine sells its 12.2MW solar farm

Less than two years after commissioning its US$14.3 million solar plant, Caledonia Mining has sold it for US$22.35 million, and will use the profits for its operations. Energy Company CrossBoundary Energy (CBE) is to pay cash for the 12.2MW plant, which supplies a fifth of Blanket Mine’s power needs. The solar plant will continue to […] The post Caledonia Mine sells its 12.2MW solar farm appeared first on Zw News Zimbabwe.

Caledonia completes sale of Zimbabwe energy subsidiary - CAJ News Africa

from DANAI MWARUMBWA in Harare, ZimbabweZimbabwe BureauHARARE, (CAJ News) – CALEDONIA Mining Corporation has sold its Zimbabwean subsidiary to Cross Boundary Energy Holdings for US$22,35 million. Caledonia Mining Service (CMS) is the subsidiary, which operates the 12,2MWac solar plant that supplies power to Blanket Mine. Under the terms of the sale, the solar plant will continue to provide Blanket Mine with power under an exclusive power purchas…