Caledonia Mining Corporation
10 November 2006
Caledonia Mining Corporation ('Caledonia')
BARBROOK PLACED ON TEMPORARY CARE & MAINTENANCE
Toronto, Ontario - November 10, 2006: Caledonia Mining Corporation ('Caledonia')
(TSX: CAL, NASDAQ-OTCBB: CALVF, AIM: CMCL) has placed its Barbrook Mine in South
Africa on temporary care and maintenance as a result of damage caused by
employees of a labour brokerage company during an illegal industrial action.
The administrative and security buildings were damaged, but the metallurgical
plant and mining infrastructure and equipment are unaffected.
The Company is formulating claims for major compensation against the labour
brokerage company which supplies labour to the Mine.
The Company's Board is, with input from South African management, considering
its options regarding the future of the Barbrook Mine. The effect on earnings
during the fourth quarter is expected to be negligible.
Further information regarding Caledonia's exploration activities and operations
along with its latest financials may be found at www.caledoniamining.com.
For more information, please contact:
Stefan Hayden Alex Buck / Nick Bias
President and CEO, Caledonia Mining buck-bias
Tel: +27 11 447 2499 Tel: +44 7932 740 452
Certain statements included herein are 'forward-looking statements'. Management
cautions that forward-looking statements are not guarantees and that actual
result could differ materially from those expressed or implied in the
forward-looking statements. Important factors that could cause the actual
results of operations, exploration or development programs, or the financial
condition of the Company, to differ include, but are not necessarily limited to,
the risks and uncertainties discussed in documents filed by the Company with the
various regulatory authorities having jurisdiction.
This information is provided by RNS
The company news service from the London Stock Exchange
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