Online Reporter
Nqobile Bhebhe [email protected]
CALEDONIA Mining Corporation says it has contributed approximately US$250 million to Zimbabwe’s economy over the past nine years through taxes, royalties, employment, local procurement and other statutory payments, underscoring its commitment to sustainable and inclusive growth.
In its latest Environmental, Social and Governance (ESG) Report, Caledonia said 2025 marked a significant increase in the scale of its economic contribution to the country as the company continues to expand its operations.
Chief executive officer Mr Mark Learmonth said the group’s approach to social responsibility is centred on ensuring that the benefits generated by its mining activities are shared with employees and surrounding communities.
Mr Learmonth said 2025 marked an important milestone for the Employee Trust following the final repayment of the loan that had been used to acquire its shareholding in Blanket Mine.
“The year marked an important milestone with the final repayment of the loan originally used to acquire the Employee Trust’s 10 percent shareholding. As a result, the Trust now receives the full benefit of dividends without encumbrance,” he said.
He said a dividend paid in February 2026, based on the mine’s 2025 performance, translated to approximately US$600 per beneficiary.
“This dividend represents a direct economic benefit to participating employees through the Trust. Separately, the broader community continues to benefit from dividends allocated to its shareholding, reinforcing our inclusive ownership model.
“The dividends paid in respect of 2025 performance delivered a meaningful cash return to each beneficiary, highlighting how our approach creates shared, long-term value.”
Mr Learmonth said employee and community ownership remained a key pillar of Caledonia’s sustainability strategy.
“Together, these benefits reflect our belief that long-term alignment is strongest where employees and communities each hold a genuine stake in the business,” he said.
Beyond ownership initiatives, the company continues to support the economy through local spending and fiscal contributions.
“Beyond ownership, Caledonia continues to make substantial contributions to Zimbabwe’s economy through employment, local procurement, taxes, royalties and statutory payments.
“Over the past nine years, the Group has contributed approximately US$250 million to the Zimbabwean economy, with 2025 representing a step-change in the scale of annual contributions.
“These payments are made transparently and in accordance with both Zimbabwean law and international reporting standards, reinforcing our commitment to accountability, governance, systems and disclosure readiness.”
Mr Learmonth said as Caledonia transitions into a multi-asset gold producer, ESG principles will remain central to its growth strategy, ensuring long-term value creation for shareholders, employees, communities and the country.
