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Bindura Nickel Corporation

Mwana gold production up at reduced cost, nickel production rising

Mwana CEO Kalaa Mpinga Multicommodity miner Mwana Africa produced 11 314 oz of gold at its Freda Rebecca mine, in Zimbabwe, during July and August at a reduced cash cost of $854/oz, compared with an average cost of $1 078/oz during the three months ended June, Mwana CEO...
10th September 2014
Base Metals

$26.5m restart of Zim nickel smelter under way

ACCELERATED RESTART The smelter at Trojan nickel mine will be in operation by 2015 Plans are under way to restart a nickel smelter at the Zimbabwe-based Trojan nickel mine, owned by mining company Bindura Nickel Corporation (BNC), a subsidiary of pan-African multicommodity resources company Mwana Africa. The company announced in...
15th August 2014

Mwana swings to FY profit in ‘turning point’ year

Kalaa Mpinga After posting a $43.5-million loss in 2013 as a result of a $43.7-million impairment charge on Zimbabwe subsidiary Bindura Nickel Corporation (BNC), multicommodity miner Mwana Africa has swung to a net profit of $50.6-million for the 2014...
9th July 2014

Zim nickel smelter to restart in H1 2015

Following the completion of an independent study of an accelerated restart plan for Aim-listed Mwana Africa’s 76.3%-owned, subsidiary, Bindura Nickel Corporation’s (BNC’s) nickel smelter, in Zimbabwe, the company on Wednesday announced that the...
11th June 2014

Mwana doubles Q4 diamond output

London-listed Mwana Africa has achieved steady-state production at its Klipspringer slimes retreatment project, in Limpopo, with fine diamond output more than doubling over the quarter to March. The pan-African, multicommodity mining and...
22nd April 2014

BNC smelter upgrade important short-term focus for Mwana Video Available

Mwana Africa CEO Kalaa Mpinga
The most important short-term focus for Aim-listed Mwana Africa’s Bindura Nickel Corporation (BNC), in Zimbabwe, was to get the operation’s smelter running once again, CEO Kalaa Mpinga said on Wednesday. BNC owned and operated the Shangani and...
29th January 2014

Freda Rebecca production down 25% as result of mill unavailability

Multicommodity miner Mwana Africa on Monday reported that gold production at its Freda Rebecca gold mine, in Zimbabwe, declined by 25% quarter-on-quarter to 13 072 oz for the three months ended December, owing to a mill being temporarily...
20th January 2014

Mwana revenue up as BNC delivers

The restart of Bindura Nickel Corporation's (BNC’s) Trojan mine in April offset lower revenue from the Freda Rebecca mine, Aim-listed Mwana said on Wednesday. Mwana generated a 7% higher group revenue for the interim period to September, reaching...
11th December 2013

Freda Rebecca Q2 production up 19%

Multicommodity miner Mwana Africa on Thursday reported that gold production at its Freda Rebecca gold mine, in Zimbabwe, increased 19% quarter-on-quarter to 17 536 oz for the three months ended September 30, as a result of increased mill...
24th October 2013

Wellesley-Wood appointed Mwana Africa chairperson

Aim-listed Mwana Africa last week announced the appointment of Mark Wellesley-Wood as nonexecutive chairperson of the company with immediate effect, subsequent to the resignation of Oliver Baring.
13th September 2013

Bindura Nickel unveils new mine plan for Trojan mine

Aim-listed Mwana Africa’s 76.5%-owned Bindura Nickel Corporation (BNC) on Tuesday unveiled a revised mine plan for its Trojan mine in Zimbabwe following the completion of an internal review. The mine plan had been revised to target higher-grade...
13th August 2013

Mwana widens FY loss after $43.7m BNC impairment charge

Aim-listed Mwana Africa widened its loss in the 2013 financial year to $43.5-million, compared with a loss of $6.7-million in 2012, after incurring a $43.7-million impairment charge for its Bindura Nickel Corporation (BNC) operations, in Zimbabwe....
31st July 2013
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