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    Jul 13, 2020· He declined to say how much Landela is spending to acquire the mines, while capital requirements are still being assessed. Some of the operations have been flooded or stripped of equipment after being idled for years. Still, the quality of Zimbabwe’s assets and the rally in gold justify investor backing for the mines, said Brown.

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    The Blanket gold mine is an underground gold mine located in Zimbabwe. Operated by Caledonia Mining, the mine is jointly owned by Caledonia (64%) and Zimbabwean shareholders (36%). The Blanket mine began production in 1904 and was acquired by Caledonia Mining from Kinross Gold in 2006. It currently produces approximately 1,200t of ore a day.

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