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Caledonia and Mitsubishi Corporation Sign Agreement on the ...
02/07/2008 00:11. TORONTO, ONTARIO, Jun 30, 2008 (MARKET WIRE via COMTEX) ----Caledonia Mining Corporation ("Caledonia") (TSX: CAL)(OTCBB: CALVF)(AIM: CMCL) is pleased to announce the signing of an agreement with Mitsubishi Corporation ("MC") on the Rooipoort & Mapochsgronde ("Mapochs") platinum exploration projects in South Africa. The agreement is subject to certain conditions being satisfied within three months from the signature date. Caledonia is confident that these conditions will be satisfied.

Under the terms of the Agreement, MC can earn an equity interest of up to 50% in each of the Rooipoort and Mapochs projects by spending up to C$40 million over a six year period on exploration (provided that the exploration results so warrant), or upon the completion of a Bankable Feasibility Study on a... // FOXBusiness

Total: 13 news articles
First News Article: Trading Markets, 30/06/2008 19:17


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