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Caledonia mulls installation of solar PV plant at Zim mine

25th October 2019

By: Marleny Arnoldi

Online News Editor

     

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Triple-listed Caledonia Mining Corporation says electricity supply to its Blanket mine, in Zimbabwe, has improved since late August.

The TSX-, NYSE- and LSE-listed company attributed the improved electricity supply to a new electricity pricing schedule introduced by government for the mining industry to support the funding of imported electricity, which is used exclusively to supply participating mining companies.

Electricity is now priced in dollars at a cost slightly lower than the pricing structure prior to the recent monetary devaluation.

The Zimbabwe electricity supply authorities have also implemented an uninterrupted power supply agreement for the mining industry in an effort to support the sector, and electricity supply has stabilised following these changes.

Nonetheless, Caledonia has bought an additional 6 MW diesel generator to complement its current 12.5 MW diesel generator capacity to insulate the mine and the Central Shaft project from the risk of unstable electricity supply.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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