Caledonia seeks new gold deposits at Bubi lease

Caledonia intends to undertake gold exploration at Motapa, in Bubi, which covers an area of 2 224 hectares. (File Picture)

CALEDONIA Mining Corporation says it intends to undertake an environmental and social impact assessment (ESIA) exercise ahead of the commencement of exploration activities at the firm’s Motapa mining lease in Bubi District, Matabeleland North Province.

The Jersey-based group, through its wholly subsidiary Arraskar Investments P/L, holds the title to the Motapa gold claim, adjacent to the Bilboes Gold Limited, another gold asset the company acquired last year in a US$53,5 million deal.

Caledonia said it planned to conduct exploration activities for gold at Motapa,  which covers 2 224 hectares. The company has since invited affected stakeholders to make submissions, comments and objections on the project.

“To this end, Caledonia has engaged Griynova Environmental Consultancy to conduct the ESIA for this proposed exploration project in terms of the Environmental Management Agency (Chapter 20:27).

“In accordance with the provisions of the said Act, read in conjunction with Statutory Instrument 7 of 2007 –Environmental Impact Assessment and Ecosystems Protection Regulations, notice is hereby given to all interested and affected parties for invitation of submissions, comments, and objections on the project,” said Caledonia in a public notice.

The submissions seek to facilitate engagement with relevant stakeholders and ensure broad-based participation in the project.

Interested and affected stakeholders are required to give input on the proposed project from today until July 6, 2023.

Caledonia, which is angling to be a multi-asset gold producer in Zimbabwe, also owns the gold-rich Blanket Mine in Gwanda, Matabeleland South province.

In 2021, the mining group bought the Maligreen Goldfields in Gweru, Midlands province for about US$4 million.


Leave a Reply

Your email address will not be published. Required fields are marked *


ZIMTRADE’s Training Propels SMEs Towards International Market Success

In Bulawayo, a transformation is underway as small to medium enterprises (SMEs) gain the confidence to enter the export market, thanks to a strategic initiative by Zimbabwe’s trade promotion authority, ZIMTRADE. These ventures, which began as modest local businesses, are now gearing up to compete on the international stage.Bulawayo’s entrepreneurs are seizing the vast opportunities […]

Read More

Unifreight buoyant as it registers 58% Q1 volumes growth

Diversified logistics concern Unifreight has announced a remarkable 58% increase in volumes for the first quarter of 2024. This growth is attributed to the company’s strategic fleet expansion, increased capacities, and aggressive marketing efforts. Unifreight has placed significant resources into the Full Truck Load (FTL) market segment, which has paid off handsomely. The FTL market […]

Read More

AirZim starts accepting ZiG

National carrier, Air Zimbabwe is now accepting payment in Zimbabwe Gold (ZiG), boosting confidence in the new currency. In a statement on X (formerly Twitter) yesterday, Air Zimbabwe said the ZiG payments reflected a commitment to adapting to the evolving financial landscape by offering stakeholders convenient payment methods. “As we integrate Zimbabwe Gold currency into […]

Read More