Blanket Mine
Coordinates: 20°53′05.62″S 28°59′22.10″E / 20.8848944°S 28.9894722°E
Blanket Mine is a village and mine in the province of Matabeleland South, Zimbabwe. It is located about 6 km north-west of Gwanda and is a gold mine and associated residential and commercial centres.
The current mine operator and minority interest owner is the Canadian-based Caledonia Mining Corporation, which acquired the Blanket Mine from Kinross Gold Corporation in April 2006. Following the implementation of a government-mandated indigenization plan, completed on September 5, 2012, Caledonia Mining retained a 49% ownership interest in the Blanket mine.[1] Majority ownership of the mine is divided between four parties: 16% is owned by the National Indigenisation and Economic Empowerment Fund; 10% by a Management and Employee Trust for the benefit of the present and future managers and employees of Blanket; 15% by identified indigenous Zimbabweans; and 10% by the Blanket Gwanda Community Trust.[1]
References
| ||||||||||||||||||||||||||||||||||||||||||||||
