Mwana to sell 15% stake in Freda Rebecca gold mine

Aim-listed Mwana Africa said on Friday it would sell a 15% stake in its Freda Rebecca gold mine, in Zimbabwe, to a longstanding board member. Kenneth Musanhi, a Zimbabwean businessperson, would pay $405 000 for the stake.

Mwana reports 19% production increase

Gold production from Aim-listed Mwana Africa’s Freda Rebecca gold mine increased from 11 573 oz in the December quarter, to 14 280 oz in the three months to the end of March. The company attributed the 19% jump to increased mill throughput, as...

Mwana seeks $35m to restart Zim mine, fund DRC activities

Aim-listed Mwana Africa is looking to raise $35-million to restart its Zimbabwe-based nickel project and the funding of its activities in the Democratic of Congo (DRC), the company said on Monday. Mwana, which held a 52.9% interest in Bindura...

Mwana production falls 15%

Gold production from Aim-listed Mwana Africa’s Freda Rebecca gold mine dropped from 13 686 oz in the September quarter, to 11 573 oz in the three months to the end of December. The resources company attributed the lower production rates, which...

Mwana Africa appoints new director

Multicommodity resources company Mwana announced that Johan Botha would join the company's board in a non-executive capacity with effect from January 4, 2012.

Reopened gold mine exceeding expectations

Mwana Africa’s Freda Rebecca Gold Mine (FRGM) has just completed Phase 2 of the construction programme on schedule and on budget.

Junior reports better than expected results at Zim and DRC projects

UK mining junior with a strong African focus reports the company has achieved better than expected results at its Freda Rebecca gold project, in Zimbabwe, and its Zani Kodo gold project, in the Democratic Republic of Congo.

Mwana secures IDC loan for Zimbabwe gold mine

Aim-listed Mwana Africa has drawn down the final tranche of the $10-million loan from South Africa’s Industrial Development Corporation (IDC) to boost production at its Freda Rebecca gold mine in Zimbabwe. The draw down of the $6-million second...

Mwana Africa raises funds for DRC exploration

Aim-listed Mwana Africa will raise £9,27-million from existing and new institutional investors to fund its drilling programme and to provide finance to keep its BNC mines in Zimbabwe on care and maintenance. "Today's fundraising will support our...

Mwana raises £5,1m for Zimbabwe gold mine

Aim-listed Mwana Africa has raised £5,1-million, or $8-million, in a share placement to start the second-phase refurbishment programme at its Freda Rebecca gold mine, in Zimbabwe. Production at the mine was restarted in October last year,...

SRK report confirms viable restart of Mwana’s Trojan mine

Mwana Africa said on Tuesday that consultancy firm SRK had completed a competent person's report that confirmed the viability of the restart of its operations at the Trojan mine in Zimbabwe. The report would also enable Mwana's majority-owned...

Mwana says plans advanced to reopen Zimbabwe nickel mine

Aim-listed Mwana Africa generated revenues of £18,8-million in the 2010 financial year, despite only restarting its Freda Rebecca gold mine in Zimbabwe in the second half of the financial year, and its Bindura Nickel Corporation (BNC) remaining...