Caledonia Mining Corporation (Caledonia), plans to meet Zimbabwe’s empowerment body National Indigenisation and Economic Empowerment Board to discuss the foreign-owned mining firm's compliance with the country's indigenisation laws.
“Caledonia expects that it will be able to address any outstanding concerns regarding the indigenisation of Blanket Mine within the applicable time frames,” said Caledonia in a statement.
“The chairman of the board of Caledonia confirms that the board and executive management remain fully committed to the negotiations that are currently on-going with the government in an attempt to arrive at a mutually agreeable indigenisation implementation plan,” the company said.