Caledonia Mining repayment plan unaffected by RBZ bond notes

1st Dec 2016 11:01

(ShareCast News) - Caledonia Mining corporation has confirmed that the recent introduction of bond notes by the Reserve Bank of Zimbabwe (RBZ) has not impacted its settlement system in place for the Blanket Mine in Zimbabwe for gold sales.The RBZ, Zimbabwe's central bank announced the introduction of the new notes at the weekend with distribution beginning yesterday.The Blanket mine has sold all of its gold production since January 2014 to Fidelity Printers and Refiners Limited, which is a subsidiary of the RBZ.The share price rose 6.47% to 88.90p at 1238 GMT on Thursday.

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Caledonian Hold (CHP)	0.00475	1,013,999,385
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