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News & Knowledge

Minerva plays key role in the re-domiciliation of Caledonia Mining Corporation PLC

13th July 2016

Caledonia Mining Corporation, the London AIM, Toronto and OTCQX listed mining business, successfully concluded its re-domiciliation from Canada to Jersey with the help of MSI's Jersey member firm Minerva.

Caledonia is an exploration, development and mining company focused on Southern Africa. Caledonia’s primary asset is a 49% interest in the Blanket Mine in Zimbabwe which produced over 42,800 ounces of gold in 2015 at a cash cost of US$ 701/oz.

Minerva Trust & Corporate Services Limited, a leading independent provider of trust, corporate and fund administration services, has been appointed to provide corporate secretarial and administration support for Caledonia in Jersey. Minerva worked closely in a coordinated approach as part of the global advisory teams working for Caledonia in the planning and execution phases of the re-domiciliation.

Mark Learmonth, CFO and Director of Caledonia commented: “The redomiciliation of Caledonia to Jersey is a further step in simplifying our corporate structure. Our head office is now located in Jersey which is more centrally located with the area of our business operations in Zimbabwe and our shareholder based in Europe, the UK, South Africa and North America. The Minerva team have been a proactive and diligent partner throughout the process – easy to deal with and very reliable. I look forward to working closely with them as we continue to build substance in Jersey.”

Gavin Wilkins, Client Relationship Director at Minerva added: “We are delighted to work with Caledonia Mining Corporation PLC. Over the past 30 years Minerva has been active in Africa and it has been a pleasure to work with the management team and to extend our own ‘Welcome to Jersey.’ We look forward to supporting Caledonia in achieving its future objectives.”

Minerva Trust & Corporate Services Limited is regulated by the Jersey Financial Services Commission.