Caledonia Mining Corporation Plc: Update on the operation of the new Solar Plant and electricity supply to Blanket Mine (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL)

(PresseBox) - Caledonia Mining Corporation Plc (“Caledonia” or the “Company” - https://www.commodity-tv.com/ondemand/companies/profil/caledonia-mining-corporation-plc/) is pleased to announce that its 12MWac solar project, which was connected to the Blanket electrical grid in November 2022, is operating better than expected and is generating slightly more power than was anticipated; it currently provides approximately 27 per cent of Blanket's average daily electricity demand.  

In recent months there has also been a substantial improvement in the supply of power from the Zimbabwe grid which has substantially reduced the amount of diesel consumed and has reduced the frequency of interruptions to production.

Commenting on the announcement, Mark Learmonth, Chief Executive Officer, said:

“The completion of the solar project coincides with an improvement in the supply of power from the Zimbabwe grid which has substantially reduced the amount of diesel consumed.  As an initial early-stage indicator, in January 2023, Blanket consumed 18,000 litres of diesel, which compares to approximately 120,000 litres per month for the whole of 2022. Whilst we can’t be certain that this quantum of improvement will be fully maintained as the year progresses, we are confident that we will continue to see an ongoing meaningful reduction to our diesel usage month on month, fully justifying our investment in solar power and delivering on our ESG strategy.”

Weitere Infos zu dieser Pressemeldung:
Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: PresseBox
Datum: 10.02.2023 - 08:33 Uhr
Sprache: Deutsch
News-ID 676852
Anzahl Zeichen: 1627

contact information:
Contact person: Jochen StaigerMarc Ollinger
Town:

St Helier

Phone: +41 (71) 3548501+41 (71) 354-8501

Kategorie:

Financial Services & Insurance

Diese Pressemitteilung wurde bisher 279 mal aufgerufen.


Die Pressemitteilung mit dem Titel:
"Caledonia Mining Corporation Plc: Update on the operation of the new Solar Plant and electricity supply to Blanket Mine (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL)"
steht unter der journalistisch-redaktionellen Verantwortung von

Swiss Resource Capital AG (Nachricht senden)

Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).

Royalty companies are the trump card ...

  Diversification is the big advantage of royalty companies, i.e., the combination of risks and opportunities. - Advertisement/Advertising - This article appears on behalf of Gold Royalty Corp., OR Royalties Inc., companies with which SRC swiss reso ...

Copper– in use for more than 10,000 years, today the metal of the future ...

Copper is not only one of the first metals used by humans, but today it is also the most important metal for the energy transition. Advertisement/Advertising – This article appears on behalf of Arizona Sonoran Copper Company Inc. and Meridian Minin ...

OR Royalties Announces Further Positive Developments on Selected Assets ...

OR Royalties Inc. (“OR Royalties” or the “Company”) (- https://www.commodity-tv.com/play/or-royalties-strong-cash-flow-in-the-first-quarter-and-new-projects-the-share-price-breaks-out/ -) (OR: TSX & NYSE) is pleased to provide the followi ...

Alle Meldungen von Swiss Resource Capital AG