Caledonia sells Zimbabwean solar operator subsidiary
London-listed Caledonia Mining on April 11 completed the sale of its Zimbabwean subsidiary Caledonia Mining Services (CMS) to CrossBoundary Energy Holdings (CBE) for a pre-tax consideration of $22.35-million, payable in cash. CMS owns and operates the 12.2 MW solar plant that supplies power to Caledonia’s Blanket mine in the country.
London-listed Caledonia Mining on April 11 completed the sale of its Zimbabwean subsidiary Caledonia Mining Services (CMS) to CrossBoundary Energy Holdings (CBE) for a pre-tax consideration of $22.35-million, payable in cash. CMS owns and operates the 12.2 MW solar plant that supplies power to Caledonia’s Blanket mine in the country.
