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Additional Information
Market: TSX, AIM, OTCBB
Sector: Gold Mining
Epic: CMCL
News: Latest news
Web Site: Caledonia Mining
Other Articles: 07-05-201001-07-200903-04-2009

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Thursday September 02, 11:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

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Thursday September 02, 08:15Indonesia edges closer toward uranium mining and nuclear power

After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

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Wednesday September 01, 01:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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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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