POWER

Caledonia plans power plant for Blanket gold mine

Gold mine is currently drawing power from the Zimbabwean grid.

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The mine currently draws its power from the grid, with standby diesel generators in place to take over if the grid supply is interrupted.

Caledonia operates the mine and holds a 49% stake, while the remander is held by a number of domestic entities in line with a government-mandated indigenisation scheme.

It recently completed a new shaft at the mine, and once it is commissioned, Blanket is expected to ramp up production to 80,000 ounces a year by 2022.

 

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