BlackRock Raises Stake in Caledonia

Published: 03 Feb, 2026 10:58 Sources: S1S2 Linked URLs: A1 Category: Business Language: English Country: Zimbabwe
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BlackRock Inc increased its stake in Caledonia Mining Corporation to 7.45%, up from 6.2%, deepening its exposure to Zimbabwe’s growing gold sector. The move strengthens Caledonia’s credibility with lenders and co-investors as it develops the Bilboes project. Listed on the Victoria Falls Stock Exchange, Caledonia operates Blanket Mine and other projects including Bilboes, Maligreen, and Motapa. The company recently raised US$125 million through convertible notes to advance its local portfolio.