Caledonia raises US$13M for solar plant

Toronto-based gold producer Caledonia Mining has raised US$13 million for the construction of a solar power plant to supply electricity to its Blanket mine in Zimbabwe.

Caledonia raises US$13M for solar plant Caledonia raises US$13M for solar plant Caledonia raises US$13M for solar plant Caledonia raises US$13M for solar plant Caledonia raises US$13M for solar plant

The solar PV plant will supply Blanket’s baseload demand during peak sunlight hours

Caledonia raised the funds through the sale of 597,963 shares at market price to US financial services company Cantor Fitzgerald & Co.

The company plans to develop a 19.