International news within the industry of mining and metal, May, 22 2019
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Canadian miner upgrades outlook for Zimbabwe gold mine

Photo: Caledonia Mining
Photo: Caledonia Mining
Published by
Jaroslaw Adamowski - 27 Sep 2018

Canadas Caledonia Mining has upgraded the resource base of its Blanket mine in Zimbabwe, stating that the total masured and indicated gold ounces increased by 13% from 714,000 oz to 805,000 oz.

 

Todays resource upgrade is yet another positive step in our journey as we invest for the long term future of Blanket. This upgrade takes our total resource endowment at the mine to almost 1.8 million ounces,said Steve Curtis, the companys chief executive, said in a statement. I am confident that the life of mine will be further supplemented by resource additions and upgrades as a result of the increased exploration activity at Blanket in the future.

 

Caledonia Mining says its shares are listed on the Toronto Stock Exchange and the NYSE American, and the companys depositary interests in the shares are traded on Londons AIM market.  Focused on Southern Africa, Caledonias primary asset is its stake in the Blanket mine.

Cobalt mine in Democratic Republic Congo. About half of all mined cobalt comes from DRC, mainly from the province of Katanga. The mining takes place close to towns and villages. Local communities regularly are cut off from their farmland and water sources near mines, without having had a say in the matter. There are several examples of forced relocations of entire villages. Inhabitants of the village Kishiba, for example, were forced to move to make way for Frontier, a cobalt and copper mine. Their new homes in Kimfumpa lack the most basic of services such as clean water, fertile farmland, schools and health care. Photo: ECCJ Secretariat
Cobalt mine in Democratic Republic Congo. About half of all mined cobalt comes from DRC, mainly from the province of Katanga. The mining takes place close to towns and villages. Local communities regularly are cut off from their farmland and water sources near mines, without having had a say in the matter. There are several examples of forced relocations of entire villages. Inhabitants of the village Kishiba, for example, were forced to move to make way for Frontier, a cobalt and copper mine. Their new homes in Kimfumpa lack the most basic of services such as clean water, fertile farmland, schools and health care. Photo: ECCJ Secretariat

Chinese control half of the Congo's cobalt