OREANDA-NEWS. February 09, 2015. Caledonia Mining Corporation ("Caledonia") notes that the Zimbabwean Government is taking further steps to assist its mining industry. On Tuesday 3 February, Fidelity Printers and Refiners Limited ("Fidelity") amended their pricing and payment terms which apply to the Blanket Mine from a discount on gold sales of 1.5 per cent to 1.25 per cent; this is in addition to the reduction in the royalty rate from 7 per cent to 5 per cent in October 2014.

Fidelity is controlled by the Zimbabwean authorities and is responsible for the final refining and marketing of all gold produced in Zimbabwe. 

Steve Curtis, CEO, said:

"The Company welcomes all encouraging movements from the Zimbabwean government towards further supporting the nation's mining industry, and, Fidelity's announcement on Tuesday will also improve Caledonia's cost efficiency in future gold sales."