South Africa: Caledonia 'Making Progress' in Mine Sales

Johannesburg — GOLD miner Caledonia Mining continued to make progress on the sale of its two gold mines in SA, with binding offers currently awaited by Absa Capital, which is managing the process, CEO Stefan Hayden said yesterday.

The company, which is listed in Toronto and quoted on London's Alternative Investment Market but operates in southern Africa, put the two mines, Barbrook in Mpumalanga and Eersteling in Limpopo, up for sale in December.

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