Caledonia mining corp
Caledonia Mining Corporation is doubling down on Zimbabwe’s gold sector with a $132 million investment to develop what will become the country’s largest gold mine. The company plans to build the Bilboes mine in southwestern Zimbabwe, capitalizing on a record surge in global gold prices, with production slated to begin in late 2028, while continuing operations at its existing Blanket mine. The move underscores growing investor confidence in Zimbabwe’s mining potential. This surge in industrial investment coincides with rising tensions across Africa’s gold belt, where rising prices are intensifying clashes between industrial miners and informal operators. Likewise, in Africa’s Sahel region, armed groups and military governments are vying for control of lucrative small-scale mining sites
Semafor