Caledonia sells Zimbabwe solar plant

Gold miner Caledonia Mining Corporation has entered into a conditional agreement to sell the entire issued share capital of its Zimbabwe subsidiary Caledonia Mining Services (CMS), which owns and operates the 12.2 MW solar plant that supplies power to its Blanket mine, to CrossBoundary Energy (CBE) for $22.35-million in cash. The electricity generated by the solar plant will continue to be sold to the Blanket mine under an exclusive power purchase agreement.