Caledonia Mining's (LON:CMCL) Maurice Mason discusses the miner's intention to raise up to $13mln through a block listing on the NYSE American for the construction of a solar power plant to supply electricity to the Blanket Mine in Zimbabwe. Mason says the 12 megawatt project will take care of its baseload electricity demand at the mine during daylight hours. ''Electricity supply is one of the more important strategic issues we have to deal with at the business so having a solar project with the levels of reliable sunshine we have certainly will make a different''.
Caledonia Mining to raise up to US$13mln for construction of solar power plant at Blanket
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