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Zimbabwe export credit incentive benefits Caledonia

Caledonia Mining (TSX:CAL) had a strong March quarter, with its financial results benefiting from the Zimbabwe government’s higher export credit incentive (ECI).

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The sun is shining on Caledonia in Zimbabwe with the increased export credit incentive

The Government of Zimbabwe increased the ECI to 10% from 2.5% of revenue with effect from February 1, which helped boost Caledonia's net profit attributable to shareholders by 34.