Blanket mulls US$36m investment

GWANDA-BASED gold miner, Blanket says it is planning to invest US$35,8 million in plant maintenance and the implementation of its new underground operation called Central Shaft.

The massive capital outlay will also be deployed towards setting up the firm’s solar power plant, which is key to ameliorating hurdles caused by erratic electricity supplies.

Blanket Mine is controlled by the New York Stock Exchange-listed Caledonia Mining Corporation, which has announced plans to expand its footprint in Zimbabwe.

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