Dual-listed Caledonia Mining has bought an additional 15% shareholding in the Blanket gold mine from Zimbabwean company Fremiro Investments, taking its overall shareholding in the mine to 64%. This marks the completion of a transaction first announced in November 2018. Fremiro initially acquired its shareholding in Blanket when Caledonia implemented transactions in 2012 to comply with the Zimbabwean Indigenisation and Economic Empowerment Act. As part of the transactions, Caledonia sold 41% of the mine to Zimbabwean shareholders, including Fremiro. In March 2018, the 51% indigenisation requirement for gold mining businesses was removed.
