A top gold producer in Zimbabwe, Caledonia Mining Corp. (Caledonia), has concluded the sale of its 12.2-megawatt (MW) solar plant to Kenya-based CrossBoundary Energy (CBE) for $22.35mn. Caledonia, which is listed on the AIM, NYSE and Zimbabwe's Victoria Falls Stock Exchange (VFEX) said in a release on April 14 that the sale of the facility at its flagship Blanket Mine in southern Zimbabwe enables it to concentrate on its core business of gold mining. Commissioned in February 2023, the plant will continue to provide Blanket Mine with electricity under an exclusive power purchase agreement. "We are pleased to have completed the sale of the solar plant, strengthening our cash position and enabling us to redeploy capital towards our core gold mining and expansion operations," Caledonia CEO Mark Learmonth commented. "By selling the plant for $22.35mn, Caledonia realises a profit on the $14.3mn construction cost.