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Market: TSX, AIM, OTCBB
Sector: Gold Mining
Epic: CMCL
News: Latest news
Web Site: Caledonia Mining
Other Articles: 03-04-2009

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Saturday March 13, 09:47Premium risk at Prudential

Insurance giant Prudential has stolen the headlines this week, after their decision to buy AIA, the Asian life business of US insurer AIG, has attracted a mixed response from shareholders.

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Sunday March 14, 05:46China's growth boosting commodity prices

With chunky economic numbers from China boosting commodity prices we take a brief look at the country's position in different market places - while noting also that hopes for a recovery in global trade appear to be borne out by freight rates.

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Friday March 12, 08:51White Energy enters coal deal with China Guodian Group

White Energy Company (ASX: WEC; OTCQX: WECFY) has inked a non-binding heads of agreement with state owned Guodian Inner Mongolian Energy Sources Co Limited to develop a coal upgrading [...]

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Caledonia Mining

Caledonia Mining

Caledonia is an African focused mining company with a cobalt development project in Zambia, a gold mine in Zimbabwe and a platinum-nickel exploration project in South Africa.

Wednesday, July 01, 2009

Mitsubishi pulls out of planned stake in Caledonia Mining’s South Africa’s platinum projects

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Caledonia Mining Corp (TSX: CAL; AIM: CMCL) said Mitsubishi Corp has indicated it does not wish to participate in the Rooipoort and Mapochsgronde platinum exploration projects in South Africa as previously agreed.

Accordingly, the agreement has been terminated and Mitsubishi will not provide the envisaged exploration funding for the projects. The properties will continue to remain 100 percent owned by Caledonia.

Mitsubishi concluded that the conditions precedent relating to security of tenure of the prospecting rights held by Caledonia and its subsidiaries due to the Broad Based Black Economic Empowerment requirements imposed by the government do not meet their requirements.

Caledonia will explore and evaluate other strategic options in respect of the projects.

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