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Bindura Nickel unveils new mine plan for Trojan mine

23rd August 2013

By: Leandi Kolver

Creamer Media Deputy Editor

  

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Aim-listed Mwana Africa’s 76.5%-owned Bindura Nickel Corporation (BNC) last week 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 zones of the orebody, known as massives, following the recent fall in the nickel price.

“The targeting of massives enables us to mine higher-grade ore, thus reducing the cost per ton of nickel produced,” Mwana Africa explained.

The revised plan forsees the mining of an average nickel grade of 1.18% over the next three years, including ore from the massive sulphides, compared to a grade of 0.89% in the original mine plan. Total planned production of 10 200 t of nickel over the three-year period is 35% higher than that estimated in the previous mine plan.

BNC management was already successfully applying the new mine plan at Trojan and was confident that it would significantly improve the company’s cash flow and reduce its working capital requirement.

BNC is seeking debt finance from Zimbabwean banks for the remaining working capital requirement.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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