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Note 10 - Other Income
 12 Months Ended
Dec. 31, 2018
Statement Line Items [Line Items]  
Disclosure of other operating income [text block]
10
       Other income
 
    2018     2017     2016  
                   
Government grant – Gold sale export incentive    
6,482
      
2,446
      
1,104
  
Eersteling rock dump sale    
217
      
—  
      
—  
  
Greenstone Provident Fund pay-out    
363
      
—  
      
—  
  
Other    
39
      
148
      
226
  
     
7,101
      
2,594
      
1,330
  
 
Government grant – Gold sale export incentive
 
From
May, 2016
the Reserve Bank of Zimbabwe announced an export credit incentive on the gold proceeds received for all large scale gold mine producers. On
January 1, 2018
the export credit incentive decreased from
3,5%
to
2,5%
and on
February 1, 2018,
increased to
10%.
All incentives granted by the Zimbabwean government were included in other income when determined receivable. All receipts were received in Blanket
 
Mine’s RTGS$ account. In the monetary policy statement issued on
February 20, 2019
the RBZ announced the cancellation of the ECI.
 
Eersteling rock dump sale
 
On
May 31, 2018
the Group entered into an agreement with SH Minerals to sell
two
Eersteling rock dumps. The
two
rock dumps were sold for ZAR
1
million (
$79
) and ZAR
2
million (
$138
) each and were fully received as at
December 31, 2018.
 
Greenstone Provident Fund pay-out
 
The Greenstone Provident Fund (the “Fund”) was established with the aim to provide pension benefits to employees of mines previously owned by Caledonia Mining South Africa Proprietary Limited. A surplus remained in the Fund after all members were retrenched or terminated in
1997
when the mines were closed. The Financial Services Board in South Africa appointed a tribunal that liquidated the Fund and concluded that the surplus of ZAR
4,8
million (
$363
) that remained in the Fund to be paid out to the former employer. On
October 15, 2018
the surplus was paid out to Caledonia Mining South Africa Proprietary Limited.