US-based VanEck targets Caledonia after Endeavour, Harmony and B2gold
There is no stopping the well-known gold fund manager in Africa. VanEck has now positioning itself in Zimbabwe, a jurisdiction long avoided by foreign investors.
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▪ US-based VanEck targets Caledonia after Endeavour, Harmony and B2gold
▪ There is no stopping the well-known gold fund manager in Africa. VanEck has now positioning itself in Zimbabwe, a jurisdiction long avoided by foreign investors.
▪ https://www.africabusinessplus.com/en/809020/already-a-shareholder-in-endeavour-harmony-and-b2gold-us-based-vaneck-acquires-stake-in-caledonia/
Through its special fund that targets intermediate and small mines globally, VanEck Vectors Junior Gold Miners UCITS ETF, the structure from across the Atlantic has acquired just under 4% of Caledonia Mining. This entity based in Jersey and South Africa operates Zimbabwe’s only industrial gold mine, Blanket. The amount of the transaction is not known.
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