Victoria Falls Stock Exchange-listed Caledonia Mining Corporation has bought Motapa Mining Company UK, whose gold claims sit next to Bilboes in southern Zimbabwe.
Caledonia has already agreed a deal to buy Bilboes which made Motapa claims a “high priority”.
The miner, which also owns Blanket Mine near Gwanda, bought Motapa from Bulawayo Mining Company, a unit of the London-registered Metallon Corporation which owns How Mine near Bulawayo.
Caledonia Mining Corporation plc (LON:CMCL) is a profitable cash generative gold producer with a strong growth profile, Caledonia’s primary asset is the Blanket Mine in Zimbabwe.