Blanket Gold Mine
Zimbabwe
Blanket Gold Mine received an unreliable power supply which became a significant production challenge. The mine experienced interruptions, as well as surges and dips, from its grid power supply, and required a solution that would be more stable and not cause any damage to electrical equipment. In response, Caledonia developed a 13.9 MW solar plant, operational since February 2023.
CrossBoundary Energy acquired the solar facility in September 2024 as an asset in its expanding African portfolio, relieving Caledonia Mining Services of the ongoing maintenance and freeing up capital to focus on core mining activity.
Mark Learmonth, Chief Executive Officer at Caledonia Mining Corporation, said:
We have identified an experienced partner in CBE which brings vast expertise in delivering and running renewable energy projects. We look forward to developing a strong relationship with CBE – we are already working with them to deliver a meaningful extension to the plant, and we will be considering renewable energy solutions at our other development projects in due course.
Matthew Tilleard, Managing Partner at CrossBoundary Energy, said:
CrossBoundary Energy’s mission is to provide affordable, clean power solutions to underserved markets, and we achieve this by deploying capital into energy projects that enable businesses to focus on their core operations. Our partnership with Caledonia demonstrates the efficacy of this model for the mining sector, benefiting the mine’s operations and ultimately enabling sustainable mining. We look forward to pursuing these acquisitions with miners across the continent.
