Skip to content
Subscriber Only

Zimbabwe’s New Bourse Draws Listing Interest From Foreign Miner

  • Caledonia plans to list on Victoria Falls Exchange in 2021
  • Listing depends on improved payments in U.S. dollars for gold

Caledonia Mining Corp., Zimbabwe’s second-largest gold producer by volume, has begun the process for listing on the country’s new bourse, which trades exclusively in U.S. dollars.

The listing planned for this year will be the first by a foreign-owned mining company on the Victoria Falls Exchange, or VFEX. It is contingent on market conditions and improved payments in U.S. dollars for gold produced at the Jersey-based mineral exploration and development company’s Blanket gold mine in the southwest of the country, it said in a statement.