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Note 10 - Other Income | 12 Months Ended
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Dec. 31, 2019
Statement Line Items [Line Items] |
Disclosure of other operating income [text block] |
10 | Other income
|  | 2019 |  | 2018 |  | 2017
Government grant – Gold sale export incentive |  |  | 866 |  |  |  | 6,482 |  |  |  | 2,446 |
Government grant – Gold support price |  |  | 1,064 |  |  |  | - |  |  |  | - |
Other |  |  | 94 |  |  |  | 39 |  |  |  | 148 |
Greenstone Retirement Fund pay-out |  |  | 250 |  |  |  | - |  |  |  | - |
Greenstone Provident Fund pay-out |  |  | - |  |  |  | 363 |  |  |  | - |
Eersteling rock dump sale |  |  | - |  |  |  | 217 |  |  |  | - |
|  |  | 2,274 |  |  |  | 7,101 |  |  |  | 2,594 |
Government grant – Gold sale export incentive From May 2016 the Reserve Bank of Zimbabwe announced an export credit incentive (“ECI”) 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. Government grant – Gold support price From March 6, 2019 it became apparent that Blanket Mine’s sales proceeds received from Fidelity were calculated at a gross price of $44,000 per kilogram ( $1,368.58 per ounce), which exceeded the prevailing London Bullion Market Association (“LBMA”) price. On May 12, 2019 the Company received confirmation from Fidelity of this windfall receipt, called the “gold support price”, which has been implemented to incentivise gold producers to increase gold production. The gold support price has not been increased as the LMBA gold price has subsequently increased above $1,368.58 per ounce. Greenstone Retirement Fund pay-out The Greenstone Retirement Fund (the “Fund”) was established with the aim to provide retirement 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 3,6 million ( $250 ) that remained in the Fund to be paid out to the former employer. On October 25, 2019 the surplus was paid out to Caledonia Mining South Africa Proprietary Limited.

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- Definition The disclosure of other operating income. [Refer: Other operating income (expense)] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2019-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2019-en-r&anchor=para_10_e&doctype=Standard -URIDate 2019-03-27 + Details
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