Caledonia Mining Corporation Plc: Fatal accident at Blanket Mine

Rhea-AI Summary

Caledonia Mining Plc (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) regretfully reports a fatal accident at its Blanket Mine in Zimbabwe on September 21, 2024. An employee was tragically killed after being struck by a fall of rock while drilling in a development area. Management at Blanket Mine is cooperating with authorities in their investigation of the incident.

Caledonia has expressed condolences to the family and colleagues of the deceased. The company is working closely with relevant authorities to assist in the inquiry into this unfortunate event. No further details about the accident or the identity of the employee have been provided at this time.

Positive

• None.

Negative

• Fatal accident at Blanket Mine resulting in employee death
• Potential regulatory scrutiny and investigation following the incident
• Possible impact on mine operations and productivity during investigation

ST HELIER, Jersey, Sept. 23, 2024 (GLOBE NEWSWIRE) -- It is with regret that Caledonia Mining Corporation Plc (“Caledonia”) (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) reports that an accident took place on September 21, 2024 at the Blanket Mine in Zimbabwe, where an employee was hit by a fall of rock while drilling in a development area and as a result has sadly died.

Management at Blanket Mine are assisting the relevant authorities in their enquiry into this accident.

Caledonia expresses its condolences to the family and colleagues of the deceased.

Enquiries:

Caledonia Mining Corporation Plc Mark Learmonth Camilla Horsfall	Tel: +44 1534 679 800 Tel: +44 7817 841 793
Cavendish Capital Markets Limited (Nomad and Joint Broker) Adrian Hadden Pearl Kellie	Tel: +44 207 397 1965 Tel: +44 131 220 9775
Panmure Liberum Capital Limited (Joint Broker) Scott Mathieson/ Matt Hogg	Tel: +44 20 3100 2000
Camarco, Financial PR (UK) Gordon Poole Julia Tilley Elfie Kent	Tel: +44 20 3757 4980
3PPB (Financial PR, North America) Patrick Chidley Paul Durham	Tel: +1 917 991 7701 Tel: +1 203 940 2538
Curate Public Relations (Zimbabwe) Debra Tatenda	Tel: +263 77802131
IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe) Lloyd Mlotshwa	Tel: +263 (242) 745 119/33/39

FAQ

What happened at Caledonia Mining's Blanket Mine on September 21, 2024?

A fatal accident occurred at Caledonia Mining's Blanket Mine in Zimbabwe on September 21, 2024, where an employee was hit by a fall of rock while drilling in a development area, resulting in their death.

How is Caledonia Mining (CMCL) responding to the fatal accident at Blanket Mine?

Caledonia Mining (CMCL) is assisting relevant authorities in their inquiry into the accident. The company has expressed condolences to the family and colleagues of the deceased employee and is cooperating fully with the investigation.

What are the potential implications of the fatal accident for Caledonia Mining (CMCL)?

The fatal accident at Blanket Mine could lead to increased regulatory scrutiny, potential operational disruptions during the investigation, and possible impacts on employee morale and productivity for Caledonia Mining (CMCL).

Where is Caledonia Mining's Blanket Mine located?

Caledonia Mining's Blanket Mine, where the fatal accident occurred on September 21, 2024, is located in Zimbabwe.