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Bindura Nickel Corporation
 
DIVERSISIFED MINER

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
 
NICKEL

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...
11th June 2014
 
DIAMONDS

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
 
NICKEL & GOLD

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
 
GOLD & NICKEL

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
 
GOLD & NICKEL

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,...
11th December 2013
 
GOLD & NICKEL

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
 
PEOPLE ON THE MOVE

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
 
NICKEL

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
 
GOLD & NICKEL

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
 
GOLD

Mwana lifts Q1 production as Freda Rebecca recovers from tank failure

Multicommodity miner Mwana Africa has lifted quarter-on-quarter output from its flagship Freda Rebecca mine by 18%, producing 14 716 oz of gold for the first quarter of 2014, confirming the Zimbabwean operation’s recovery from a leach tank...
23rd July 2013
 
NICKEL

Mwana’s BNC considering new mine plans to improve cash flow

Aim-listed Mwana Africa’s 76.5%-owned Bindura Nickel Corporation (BNC) mining operation, in Zimbabwe, is examining alternative mine plans with the objective of improving short-term cash flow and reducing its funding requirement. Mwana Africa...
16th July 2013
 
 
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