Caledonia Mining Share Discussion Threads

[ceohunter] 07/11/2011 11:43

The directors of Caledonia Mining (AIM: CMCL), Anglesey Mining (LSE: AYM), EurOmax Resources (TSX-V: EOX) and Lansdowne Oil & Gas (AIM: LOGP) will be presenting in London on:

Thursday 8th December 2011

Venue: Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB (Charles Suite)

The presentations will start at 6:00pm and finish at approx 8:00pm. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception.

REGISTER YOUR ATTENDANCE HERE:

[andrbea] 17/10/2011 14:05

Kasukuwere's threats were aimed at foreign-owned mines and financial institutions. He went on to announce that Caledonia's mining licence had been "revoked" because the company had failed to submit an acceptable indigenisation proposal to his ministry.


However, this cancellation was swiftly reversed after other government ministers reminded Kasukuwere that he could not encroach on their mandated economic sectors.


Mines minister Obert Mpofu refused to cancel Caledonia's licence forcing Kasukuwere to go back to the negotiating table. On the other hand, Reserve Bank of Zimbabwe governor Gideon Gono waded into the debate by saying the central bank was not going to cancel any banking licences for failing to present acceptable proposals to Kasukuwere.

Oct 6

[jgpgw] 10/10/2011 16:04

Afternoon all,

We have a wiki on ADVFN now and have an entry for CMCL, which you can see at the bottom of the , or directly on the .

It is designed to be a helpful investment resource, giving info about and also their . Please feel free to link to or edit the wiki and add in anything you think would be useful. The ADVFN wiki is in its infancy at the moment, but the more you add, the more useful it will become.

If you have any questions about how to edit or its directors, or how to start up a new page for a different company or director, just let me know on the .

John

[robizm] 08/9/2011 17:46

they need to use profits to buy something somewhere more stable but i am in for a few

[robizm] 08/9/2011 17:29

Could be producing over 40,000 ounces pa from oct 2011. if only the mine was not in zimbabwe but worth a punt

[andrbea] 24/8/2011 08:06

23 August 2011

Update on Indigenisation at the Blanket Mine in Zimbabwe.

Toronto, Ontario - August 23, 2011: Caledonia Mining Corporation ("Caledonia") (TSX: CAL, NASDAQ-OTCBB: CALVF, AIM: CMCL) provides below the text of a joint statement issued this morning in Harare, Zimbabwe.

"Joint statement issued by the Ministry of Youth Development, Indigenisation and Empowerment and Caledonia Mining Corporation on behalf of Blanket Mine regarding the Blanket Mine Indigenisation Implementation Plan.

The parties met on 22 August 2011 and agreed on a process that will result in the production of a revised Indigenisation Implementation Plan for Blanket Mine that is compliant with the Indigenisation and Economic Empowerment Act. The plan will take into account the independently verified intrinsic value of the mineral resources, plant and equipment at the mine.

As a result the Hon Minister Saviour Kasukuwere has agreed to suspend the cancellation of Blanket Mine's operating licence pending the submission of a compliant Indigenisation Implementation Plan."

[andrbea] 16/8/2011 08:14

they had a conference call yesterday:
Caledonia Management will host a conference call starting at 1000 (EDT) on August 15, 2011.

Successful gold producer IMO (and overlooked)

Second Quarter 2011 Highlights (Aug. 12):

=- Gold produced at the Blanket Mine in Zimbabwe in the quarter was 8,226
ounces, 141% higher than the 3,408 ounces of gold produced in 2nd
quarter of 2010.

=- Gold production increased by 12% from the 7,322 ounces produced in the
preceding quarter.

=- The average price per ounce of gold sold in the 2nd quarter of 2011 was
US$1,512 compared to US$1,192 in the 2nd quarter of 2010.

=- Gross Profit (i.e. before depreciation, amortization and administrative
expenses) was $6,226,000, over 300% higher than the $1,534,000 achieved
in the 2nd quarter of 2010.

=- Caledonia recorded net profit before tax of $3,836,000, over 800% higher
than the $413,000 achieved in the 2nd quarter of 2010.

=- Average gold recovery increased to 92.9% from 92.2% in the first quarter
2011, reflecting the recent investment in the milling and Carbon-in-
Leach ("CIL") circuits.

=- Cash operating costs at the Blanket Mine in the quarter were US$585 per
ounce of gold produced, compared to US$648 per ounce in the 1st quarter
of 2011 and US$816 per ounce in the 2nd quarter of 2010.

=- Blanket made payments in the quarter totalling US$3,307,000 (Q1 2011,
US$1,442,000) in respect of direct and indirect taxes, royalties,
licence fees and other payments to the Government of Zimbabwe.

=- At June 30, 2011 the Corporation had gross cash and cash equivalents of
$5,033,000 (March 31, 2011 $2,217,000).

[lob123] 05/7/2011 08:12

Have i read the below report wrong or something due to absolutely no interest in this share!!

TIDMCMCL

Caledonia Files New NI 43-101 Report on Blanket Mine
FOR: CALEDONIA MINING CORPORATION

TSX SYMBOL: CAL
OTC Bulletin Board SYMBOL: CALVF
AIM SYMBOL: CMCL

July 5, 2011

Caledonia Files New NI 43-101 Report on Blanket Mine

TORONTO, ONTARIO--(Marketwire - July 5, 2011) - Caledonia Mining Corporation ("Caledonia")
(TSX:CAL)(OTCBB:CALVF)(AIM:CMCL) has received a new Technical Report, compliant with Canadian Securities
National Instrument 43-101, on its Blanket Mine in Zimbabwe. The Report, dated June 28, 2011, by Johannesburg
based independent geological consultants, The MSA Group, was commissioned in order to obtain a current
independent verification of the Blanket Mine's reserves and resources in compliance with Caledonia's reporting
requirements. The Report summarises the Reserve and Resource information based on a gold price of US$ 1,100.00
per ounce, as at December 31, 2010 as follows:

Mineral Resources

Resources are reported exclusive of Reserves.

=---------------------------------------------------------------------------
grade
Classification tonnes (Au g/t) Au ounces
=---------------------------------------------------------------------------
Indicated 510,000 3.79 62,100
=---------------------------------------------------------------------------
Inferred 2,408,000 5.27 (ii)
=---------------------------------------------------------------------------
Note(ii) Quantities of metals are not reported for Inferred Resources

Mineral Reserves

=---------------------------------------------------------------------------
grade
Classification tonnes (Au g/t) Au ounces
=---------------------------------------------------------------------------
Proven 1,326,000 4.02 171,400
=---------------------------------------------------------------------------
Probable 2,514,000 3.66 295,800
=---------------------------------------------------------------------------
TOTAL 3,840,000 3.78 467,200
=---------------------------------------------------------------------------

Dr. Trevor Pearton, the company's Vice President, Exploration, who is a Fellow of the Geological Society of
South Africa and is Caledonia's qualified person for Blanket Mine, has reviewed and approved the contents of
this news release.

The Report, entitled "Technical Report on the Blanket Gold Mine, Zimbabwe" can be viewed on the Company's
website or in SEDAR at www.sedar.com.

Further information regarding Caledonia's exploration activities and operations along with its latest
financials may be found at www.caledoniamining.com.

FOR FURTHER INFORMATION PLEASE CONTACT:

Caledonia Mining
Mark Learmonth
[phone]
[e-mail]

[johnweaver] 20/5/2011 00:00

At Minesite today, An impressive and confident summary of the company by Mark Learmouth. If only it wasn't in Zimbabwe.

But it is in Zim. there are no debts, no hedge and positive cash flow.
ML explained that if the Indiginisation Law forces them to give away 51% for free it would still be undervalued at present rate of production and costs. He suggested that the law has not been enacted yet and the government still seems willing to negotiate with the companies that will be affected. Therefore that 51% for free is worst possible case.

There has been no drilling because the cash generated has been used to rehabilitate shafts at the outlying licences, but mainly to upgrade the mine equipment at Blanket, the generators are being installed and commissioned soon.

Drilling will start soon in Zambia but the Cu is 800metres below surface. A drilling campaign would be expensive and the cost of building a mine 800m deep would be huge. Beyond the reach of most small/medium companys.

I like the project and in conversation at lunch-time I was impressed that they seem to be working efficiently but not becoming 'collaborators' with Mugabe and the violence. More research is needed.

[hazl] 22/10/2010 12:09

hmm looks an interesting play- will research starting to recover by the looks of things

[jon247] 22/10/2010 11:48

CMCL undervalued.Announcement 21/10/2010 looks good for future gold production especially as extra back up generators being installed. The "improvement in efficiency and reduction in costs" indicate that everything is in place for a share rise in my opinion.

[vanbrussel] 02/10/2008 17:50

Caledonia Awarded 'LSML' Mining Licences for Nama Cobalt Project

Toronto, Ontario – October 2 2008:

Caledonia Mining Corporation (TSX: CAL, NASDAQ-OTCBB: CALVF, AIM: CMCL)
is pleased to announce that its wholly owned Zambian-registered subsidiary, Caledonia Nama Limited ("Caledonia Nama") has been awarded four Large Scale Mining Licences ("LSML's") in respect of the Nama cobalt project by the Mines Development Department of the Zambian Ministry of Mines and Minerals Development.

Caledonia Nama previously held a Retention Licence over 806 square kilometres in the Chililabombwe/Solwezi District in the north of Zambia for the Nama cobalt project. Under Zambian legislation, LSML's are valid for 25 years, apply to a maximum area of 250 square kilometres and are renewable for a further two 25-year periods. Accordingly, Caledonia Nama has been granted four separate LSML's, valid for 25 years each, which together cover the entire area of the Retention Licence.

Zambian legislation requires that LSML's specify the minerals in respect of which mining activities can be conducted in the mining area. Although Caledonia's primary focus will be on the exploitation of its cobalt resources, the LSML's also cover the exploitation of other commodities, including copper, nickel, manganese and iron ore...

[vanbrussel] 14/9/2008 19:44

Caledonia Struggles On At Blanket, But New Money Is Rightly Earmarked For Nama In Zambia

By Alastair Ford (September 10, 2008)


It's difficult to know what to say or do if you're operating a mine in Zimbabwe. On the one hand there's the wish to reassure investors that the value destruction that has become a feature of that country's economy as a whole, is at least tempered on the specific mine in question. But then again, any reassuring noise on that score, as to production or operational effectiveness, risks raising the avaricious gaze of the ruling Zanu PF regime. In the worst of all possible worlds, African Consolidated Resources actually made quite a decent diamond discovery in Zimbabwe not so long ago. It's now widely believed that President Mugabe will expropriate the diamonds in order to trade them for oil with old pals in Equatorial Guinea. So a company like Caledonia Mining, which at the Blanket Mine, operates Zimababwe's second largest gold project, has to tread a very careful path.
And it wasn't particularly surprising when a request from Minesite's Man in Zimbabwe to visit Blanket over the summer was politely rebuffed. Minesite's man went anyway, exceeding his brief by some margin, and duly reported back on an operation creaking under the pressures of inflation and a lack of skills. He also noted some measure of progress at mine development, particularly on a new shaft, and added that, although investment is clearly needed if Blanket is to reach its full potential, at least the mine is producing gold. He describes his impression of Caledonia after his visit to Blanket as, "a mining company that has remained resolute and steadfast in the face of adversity". So business is difficult, but not absolutely impossible.

Of course there's more to Caledonia than Blanket. There's the Nama cobalt project in Zambia, currently undergoing drilling to upgrade the inferred resource there into the indicated category. There's exploration at the Konkola West base metals project, also in Zambia. And there's the Rooipoort platinum exploration joint venture with Mitsubishi in South Africa. Promising projects all, but none producing. Blanket, whatever its woes, is. For the quarter ending June 2008, the company was able to sell just over 3,000 ounces of gold, generating a gross profit of over C$1.5 million. So, unlike many small mining companies, Caledonia's latest set of financials are actually meaningful – after a fashion anyway, once you factor in the currency chaos in Zimbabwe – in that they show sales and earnings. Not surprisingly, for the quarter to June 2008, the company tipped into loss when you get down to the pretax level, as the currency restrictions in Zimbabwe mean that dollars booked on the top line don't necessarily show up further down. This time round the unrealized foreign exchange loss was C$860,000.

But on the plus side, Caledonia has money in the bank. The sale of the Barbrook mine in May netted the company US$9.1 million, a substantial portion of which is still available to the company. No surprises, though, that in the current circumstances, that money is not earmarked for Blanket. Rather, it'll go towards work on Nama, which many analysts see as the company's most promising development asset. However, Caledonia does remain hopeful that normal service at Blanket will one day be resumed. As negotiations with Zanu PF and the MDC drag on, it's not obvious that any end to Zimbabwe's political woes is in sight.

If conditions did improve, an initial stepping stone at Blanket would be a short-order move to production at the 40,000 ounce level. It's not easy at the moment to envisage that, as South African suppliers are very wary of sending kit into Zimbabwe under any terms other than full up-front payment in cash. The real problem isn't kit, though, its money. Paying workers through bank accounts has become impractical as by the time the money clears it's been devalued. Retaining skilled staff is thus an uphill battle. One way of doing it would be to dollarize the business, but although the Zimbabwe economy is de facto dollarizing anyway, with or without the government's permission, getting the necessary clearance to run a business on a dollarized basis doesn't look realistic at the moment. They've managed it up at Bindura, but Bindura is nationally strategic in a way that Blanket isn't, and major Bindura shareholder Kalaa Mpinga is connected into black Africa in a way that Stefan Hayden's Caledonia can never hope to be.

Stefan Hayden isn't overly pessimistic, though. "We hope that there is a political and economic solution to the problems in Zimbabwe", he says, diplomatically. If there is a solution, Caledonia may instantly look very attractive as a company established on the ground with a producing, if limited, gold asset. The fast money that flows into Zimbabwe on the back of every development that favours the MDC may well find a permanent home on the Caledonia register, once the dust settles. Realistically though, it will take years, not months for the dust to settle, so investors with a current interest in Caledonia should look to forthcoming news from Nama to brighten their breakfast reading, and put the Zimbabwe issue to one side for the time being.

[vanbrussel] 17/6/2008 19:26

Discussion on Stockhouse: (April 9, 2008)
Caledonian claims 10Ktpa Co at 0.047% will need a CAPEX of $125M ($200M by 05/08)

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Question:
Cleaver7 04/9/2008 6:42:57 AM | Post #23007716

To get this requires treating 25.8 million tonnes per year (not including waste mining) - that's a Lumwana sized project. And Stephan reckons this can all be done on C$125 million? other projects producing this size of output are in the $600 to $1000 million and above bracket

-------------------------------------------------------------------------

Answer:
Ganndolph 04/11/2008 11:56:36 PM | Post #23020069

I saw your message inquiring whether anyone has read Caledonia's reports and digested their news releases, and I have been researching this project for quite some time.

Your analysis of the size of Caledonia's Nama project is correct. In terms of the mining rate, it will be bigger than Tenke, bigger than Geovic, and bigger than Baja Mining's Boleo project, because it is lower grade--on average, than those other projects. As far as the overall recovery rate, my optimistic number is 88.5% overall recovery, and my pessimistic number is close to 70 % recovery. But let's use your number of 85%. You estimated treating 25.8 million metric tones of ore per year. At a cobalt grade of .047%, Caledonia Mining will need to process about 30.6 million metric tones of ore per year in order to produce 12,500 metric tones of cobalt. I am calculating about 2,000 tones per year of extra cobalt that they can sell through their cobalt marketing agreement with MRI AG. If they run their plant 24 hours a day, 365 days a year, that ore mining rate equates to a daily processing rate of 84,000 metric tones per day, and 3,500 metric tones per hour. Tenke's processing rate was 7,000 tones per day as originally designed and Baja Mining's daily processing rate at Boleo will be 8,600 tones per day, and those two projects cost over $500 million to build, so how does Mr. Hayden think he can process 10 times what Boleo does for 1/4 of the cost of Boleo or Tenke?

Well, I have looked at precisely that question, and I would like to point out that at Tenke and Boleo, their respective ores go directly from their mines to their metals recovery plants. At Nama, the ore goes through a three step pre concentration process which reduces the amount of material which gets delivered to the metals recovery plant to between 1 percent and 4 percent of the original process throughput. In other words, at Nama the metals recovery plant only needs to process between 840 tones per day to 3,360 tones per day or about 1/10 to 1/4 of what Boleo needs to process in a day. This explains the much lower capital cost.

At Nama the 3500 tone per hour throughput is first washed and screened into three size fractions. Because the ore at Nama is a mud stone about 45 percent of total throughput consists of fine clay particles that are washed and cycloned away, and that material goes directly to tailings. So that process step takes the throughput down to 1,925 tones per hour. The fines that make it past the cyclone get carried along in a 30% solids water slurry and get processed through two stages of SLon 2000 or 2500 high intensity magnetic separators (WHIMS). This device separates out the 25 percent magnetic fraction containing the iron, cobalt, copper, manganese, and nickel mineralization. Medium size particles get ball milled first, and then get processed through two stage WHIMS, and the course fraction gets the same treatment--ball milling and then two stage wet high intensity magnetic separation (WHIMS). After WHIMS, the magnetic fraction which contains the cobalt represents a process flow of about 480 to 500 tones per hour or about 1/7 the original ore mined. It will take about 40 100 tone per hour WHIMS units to process 2,000 tones of ore per hour, and the cost of the WHIMS machines is about $10 million dollars.

The magnetic ore fraction then goes through rougher flotation, and cleaner flotation which further concentrates the cobalt mineralization into a cobalt concentrate containing about 3% cobalt and 3% copper. Tenke's high grade ore contains 4.75% copper and 0.48% cobalt. That material goes straight to their metals recovery plant. At Nama, the concentrator will produce cobalt concentrate grading 6 times higher in cobalt than Tenke's ore. This is why the metals recovery plant (MRP) at Nama can be quite small in relation to the mining operation, and explains why the capital costs are lower.

If you are still skeptical about the issue of capital costs, check out Albidon's Munali Nickel project. That project will produce a nickel concentrate, and their plant includes a concentrator, and the capital costs there came in under their projected cost of $120 million dollars.

[andrbea] 03/3/2008 15:53

tsx bullboard


Nice buying early in the morning, you folks expecting news?

[andrbea] 03/3/2008 15:53

cal: up 11.76% (tsx)