UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM SD

 

Specialized Disclosure Report

 

CALEDONIA MINING CORPORATION PLC

(Exact name of registrant as specified in its charter)

 

Jersey, Channel Islands

001-38164

Not applicable

(State or other jurisdiction of

incorporation or organization)

(Commission File Number)

(IRS Employer

Identification No.)

 

 

B006 Millais House

Castle Quay

St Helier
Jersey

JE2 3EF

(Address of principal executive offices)

(Zip Code)

 

Mark Learmonth

44 1534 679800

 

(Name and telephone number, including area code, of person to contact in connection with this report)

 

Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information in this form applies:

 

☐ Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, ___________.

 

☒ Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended December 31, 2023.

 

 

 

 

SECTION 1 CONFLICT MINERALS DISCLOSURE

 

Item 1.01 - Conflict Minerals Disclosure and Report

 

Not applicable

 

Item 1.02 - Exhibit

 

Not applicable

 

SECTION 2 RESOURCE EXTRACTION ISSUER DISCLOSURE

 

Item 2.01 Resource Extraction Issuer Disclosure and Report

 

Caledonia Mining Corporation Plc (the “Company”) has a 100% owned subsidiary, Greenstone Management Services Holdings Limited (“Greenstone”), which is subject to the United Kingdom’s Reports on Payments to Governments Regulations 2014 (as amended) and must provide an applicable report (the “Report on Payments to Governments”). Greenstone’s Report on Payments to Governments covers all applicable projects of the Company. The Company is relying on the alternative reporting provision of Item 2.01 and providing its subsidiary’s Report on Payments to Governments for the year ended December 31, 2023 to satisfy the requirements of Item 2.01. The Report on Payments to Governments is available on the Company’s website at https://www.caledoniamining.com/ and on the UK’s Companies House website at https://extractives.company-information.service.gov.uk/. The payment disclosure required by Form SD is included as Exhibit 2.01 to this Form SD.

 

SECTION 3 EXHIBITS

 

Item 3.01. Exhibits

 

The following exhibit is filed as part of this report.

 

   Exhibit Number

 

   Description

     

2.01

 

Report on Payments to Governments for the year ended December 31, 2023

 

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned.

 

 

CALEDONIA MINING CORPORATION PLC

       

   By:

   /s/ Mark Learmonth

 

September 26, 2024

 

   Mark Learmonth

 

(Date)

 

   Chief Executive Officer

   

 

 

 

 

Exhibit 2

 

Company Name

 

Company Number

 

Report Name

 

Report End Date

 

Currency

 

Notes

Greenstone Mangement Services Holdings Limited (United Kingdom)

 

08014359

 

Report of Payments to Governments

 

12/31/2023

 

USD

 

Greenstone Management Services Holdings (UK) has prepared the following report on Payments to Governments in accordance with the Reports on Payments to Government Regulations 2014 (2014/3209) and amended by the Reports on Payments to Governments (Amendments) Regulations 2015 (2015/1928). This is the third report on Payments to Governments submitted in the UK and is for the financial year ended 31 December 2023.

 

 

 

 

 

Government

 

Country
Code

 

Payment
Type

 

Amount

 

Unit
Measure

 

Volume

 

Valuation
Method

 

Notes

Zimbabwe Revenue Authority

 

ZWE

 

Tax

 

 10,414,485

 

0

 

0

 

0

 

All amounts are stated in United States Dollar ("USD"):
* Taxes payments were made in both USD (USD 8,015,603) and Zimbabwean Dollar ("ZWD") (ZWD 9,897,899,013).  Payments made in ZWD were converted from ZWD to USD by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1: 4,125.75 (USD:ZWD) for the year reported on.

Zimbabwe Revenue Authority

 

ZWE

 

Royalties

 

 7,614,571

 

0

 

0

 

0

 

All amounts are stated in United States Dollar ("USD"):
**  Royalties payments were made in in both USD (USD 4,572,149) and ZWD (ZWD 11,757,785,513).  Payments made in ZWD were converted from ZWD to USD by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe  (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:3,864.61 (USD:ZWD) for the year reported on.

National Indigenisation and Economic Empowerment Fund

 

ZWE

 

Dividends

 

 -   

 

0

 

0

 

0

 

All amounts are stated and paid in United States Dollar ("USD").

South African Revenue Authority

 

ZAF

 

Tax

 

 229,464

 

0

 

0

 

0

 

All amounts are stated in United States Dollar ("USD"):
* Taxes payments were made in South African Rand {"ZAR") (ZAR 4,252,416).  Payments made in ZAR were converted from ZAR to USD by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Sout Africa (https://www.resbank.co.za/en/home/what-we-do/statistics/key-statistics/selected-historical-ratess). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1: 18.53 (USD:ZAR) for the year reported on.

 

 

 

 

Government

 

Country Code

 

Amount

 

Notes

Zimbabwe Revenue Authority

 

ZWE

 

 18,029,056

 

All amounts are stated in United States Dollar ("USD"):
* Taxes payments were made in both USD (USD 8,015,603) and Zimbabwean Dollar ("ZWD") (ZWD 9,897,899,013).  Payments made in ZWD were converted from ZWD to USD by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1: 4,125.75 (USD:ZWD) for the year reported on.
**  Royalties payments were made in in both USD (USD 4,572,149) and ZWD (ZWD 11,757,785,513).  Payments made in ZWD were converted from ZWD to USD by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe  (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:3,864.61 (USD:ZWD) for the year reported on.

National Indigenisation and Economic Empowerment Fund

 

ZWE

 

 -   

 

All amounts are stated and paid in United States Dollar ("USD").

South African Revenue Authority

 

ZAF

 

 229,464

 

All amounts are stated in United States Dollar ("USD"):
* Taxes payments were made in South African Rand {"ZAR") (ZAR 4,252,416).  Payments made in ZAR were converted from ZAR to USD by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Sout Africa (https://www.resbank.co.za/en/home/what-we-do/statistics/key-statistics/selected-historical-ratess). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1: 18.53 (USD:ZAR) for the year reported on.

 

 

 

 

 

 

 

Project
Name

 

Project
Code

 

Payment
Type

 

Amount

 

Unit
Measure

 

Volume

 

Valuation
Method

 

Country
Code List

 

Notes

 

Extraction
Method

Blanket Mine

 

ZWE001

 

Tax

 

 9,575,226

 

0

 

0

 

0

 

ZWE

 

All amounts are stated in United States Dollar ("USD"):
* Taxes payments were made in both USD (USD 7,040,718) and Zimbabwean Dollar ("ZWD") (ZWD 9,841,097,138).  Payments made in ZWD were converted from ZWD to USD by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1: 4,171.73 (USD:ZWD) for the year reported on.

 

Underground Mining

Blanket Mine

 

ZWE001

 

Royalties

 

 7,317,339

 

0

 

0

 

0

 

ZWE

 

All amounts are stated in United States Dollar ("USD"):
**  Royalties payments were made in in both USD (USD 4,390,403) and ZWD (ZWD 11,193,868,653).  Payments made in ZWD were converted from ZWD to USD by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:3,824.43 (USD:ZWD) for the year reported on.

 

Underground Mining

Blanket Mine

 

ZWE001

 

Dividends

 

0

 

0

 

0

 

0

 

ZWE

 

All amounts are stated and paid in United States Dollar ("USD").

 

Underground Mining

Caledonia Holding Zimbabwe

 

ZWE002

 

Tax

 

 600,000

 

0

 

0

 

0

 

ZWE

 

All amounts are stated and paid in United States Dollar ("USD").

   

Caledonia Holding Zimbabwe

 

ZWE002

 

Royalties

 

 297,233

 

0

 

0

 

0

 

ZWE

 

All amounts are stated in United States Dollar ("USD"):
**  Royalties payments were made in in both USD (USD 181,745) and ZWD (ZWD 563,916,860).  Payments made in ZWD were converted from ZWD to USD by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe  (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:4,882.93 (USD:ZWD) for the year reported on.

 

Open pit

Bilboes Holdings

 

ZWE003

 

Tax

 

 239,258

 

0

 

0

 

0

 

ZWE

 

All amounts are stated in United States Dollar ("USD"):
* Taxes payments were made in both USD (USD 199,376) and Zimbabwean Dollar ("ZWD") (ZWD 56,801,874).  Payments made in ZWD were converted from ZWD to USD by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe      (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1: 1,418.15 (USD:ZWD) for the year reported on.

 

Open pit

Caledonia Mining South Africa

 

SA001

 

Tax

 

 229,464

 

0

 

0

 

0

 

ZAF

 

All amounts are stated in United States Dollar ("USD"):
* Taxes payments were made in South African Rand {"ZAR") (ZAR 4,252,416).  Payments made in ZAR were converted from ZAR to USD by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Sout Africa (https://www.resbank.co.za/en/home/what-we-do/statistics/key-statistics/selected-historical-ratess). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1: 18.53 (USD:ZAR) for the year reported on.

   

 

 

 

 

 

Project
Name

 

Project
Code

 

Amount

 

Notes

Blanket Mine

 

ZWE001

 

 16,892,565

 

All amounts are stated in United States Dollar ("USD"):
* Taxes payments were made in both USD (USD 7,040,718) and Zimbabwean Dollar ("ZWD") (ZWD 9,841,097,138).  Payments made in ZWD were converted from ZWD to USD by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1: 4,171.73 (USD:ZWD) for the year reported on.
**  Royalties payments were made in in both USD (USD 4,390,403) and ZWD (ZWD 11,193,868,653).  Payments made in ZWD were converted from ZWD to USD by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:3,824.43 (USD:ZWD) for the year reported on.
*** Dividend payments were made in USD.

Caledonia Holding Zimbabwe

 

ZWE002

 

 897,233

 

All amounts are stated in United States Dollar ("USD"):
* Taxes payments were made in USD.
** Royalties payments were made in in both USD (USD 181,745) and ZWD (ZWD 563,916,860).  Payments made in ZWD were converted from ZWD to USD by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe  (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:4,882.93 (USD:ZWD) for the year reported on.

Bilboes Holdings

 

ZWE003

 

 239,258

 

All amounts are stated in United States Dollar ("USD"):
* Taxes payments were made in both USD (USD 199,376) and Zimbabwean Dollar ("ZWD") (ZWD 56,801,874).  Payments made in ZWD were converted from ZWD to USD by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1: 1,418.15 (USD:ZWD) for the year reported on.

Caledonia Mining South Africa

 

SA001

 

 229,464

 

All amounts are stated in United States Dollar ("USD"):
* Taxes payments were made in South African Rand {"ZAR") (ZAR 4,252,416).  Payments made in ZAR were converted from ZAR to USD by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Sout Africa (https://www.resbank.co.za/en/home/what-we-do/statistics/key-statistics/selected-historical-ratess). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1: 18.53 (USD:ZAR) for the year reported on.

 

 

 

 

 
v3.24.3
Document Information
12 Months Ended
Dec. 31, 2023
Document Information:  
Document Type 2.01 SD
Amendment false
CIK 0000766011
Registrant Name Caledonia Mining Corp Plc
Period End Date Dec. 31, 2023
Reporting Currency USD
v3.24.3
Payments, by Category - USD ($)
Taxes
Royalties
Dividends
Total Payments
Total $ 10,643,948 $ 7,614,572 $ 0 $ 18,258,520
v3.24.3
Payments, by Project - 12 months ended Dec. 31, 2023 - USD ($)
Taxes
Royalties
Dividends
Total Payments
Total $ 10,643,948 $ 7,614,572 $ 0 $ 18,258,520
Blanket Mine [Member]        
Total 9,575,226 7,317,339 $ 0 16,892,565
Caledonia Holding Zimbabwe [Member]        
Total 600,000 $ 297,233   897,233
Bilboes Holdings [Member]        
Total 239,258     239,258
Caledonia Mining South Africa [Member]        
Total $ 229,464     $ 229,464
v3.24.3
Payments, by Government - 12 months ended Dec. 31, 2023 - USD ($)
Taxes
Royalties
Dividends
Total Payments
Total $ 10,643,948 $ 7,614,572 $ 0 $ 18,258,520
ZIMBABWE        
Total 10,414,484 7,614,572 0 18,029,056
ZIMBABWE | Zimbabwe Revenue Authority [Member]        
Total 10,414,484 $ 7,614,572   18,029,056
ZIMBABWE | National Indigenisation and Economic Empowerment Fund [Member]        
Total     $ 0 0
SOUTH AFRICA        
Total 229,464     229,464
SOUTH AFRICA | South African Revenue Authority [Member]        
Total $ 229,464     $ 229,464
v3.24.3
Payments, Details - 12 months ended Dec. 31, 2023 - USD ($)
Amount
Type
Country
Govt.
Project
Resource
Ext. Method
#: 1              
$ 9,575,226 Taxes ZIMBABWE Zimbabwe Revenue Authority Blanket Mine Caledonia Mining Corporation Plc Underground Mining
#: 2              
7,317,339 Royalties ZIMBABWE Zimbabwe Revenue Authority Blanket Mine Caledonia Mining Corporation Plc Underground Mining
#: 3              
0 Dividends ZIMBABWE National Indigenisation and Economic Empowerment Fund Blanket Mine Caledonia Mining Corporation Plc Underground Mining
#: 4              
600,000 Taxes ZIMBABWE Zimbabwe Revenue Authority Caledonia Holding Zimbabwe Caledonia Mining Corporation Plc Open Pit
#: 5              
297,233 Royalties ZIMBABWE Zimbabwe Revenue Authority Caledonia Holding Zimbabwe Caledonia Mining Corporation Plc Open Pit
#: 6              
239,258 Taxes ZIMBABWE Zimbabwe Revenue Authority Bilboes Holdings Caledonia Mining Corporation Plc Open Pit
#: 7              
$ 229,464 Taxes SOUTH AFRICA South African Revenue Authority Caledonia Mining South Africa Caledonia Mining Corporation Plc Underground Mining

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