MINING & RETAIL

BNC records $5.8m profit

BNC says it is operating on shaky ground despite recording $5.8million after tax profits in the full year to March 31, 2018. The groups's chairperson Muchadeyi Masunda said despite posting healthy pro...

By Staff reporter | Published: 09 July 2018

MINING & RETAIL

BNC repays quarter of $20m smelter bond

Zimbabwe Stock Exchange (ZSE) listed integrated nickel miner, Bindura Nickel Corporation (BNC), has successfully repaid $5 million (25 percent) of the $20 million the company mobilised through a bond ...

By Staff reporter | Published: 18 May 2018

AFRICA BUSINESS

Zim, Bots agree on Bi-National Commission

Zimbabwe and Botswana have agreed to establish a Bi-National Commission (BNC) to be convened at heads of state and government level, a step that is expected to enhance bilateral cooperation across al...

By Staff reporter | Published: 13 February 2018

MINING & RETAIL

BNC seeks $6 million for Trojan smelter

Bindura Nickel Corporation says it will soon approach local banks to negotiate for $6 mln funding facilities it requires to complete the reconstruction of its Trojan Nickel smelter. Managing Director ...

By Staff reporter | Published: 09 February 2018

MINING & RETAIL

Bindura Nickel Corporation seeks toll deals

BINDURA Nickel Corporation (BNC) says it has begun scouting for third party producers to process their concentrate under toll manufacturing deals at its soon to be completed $26,5 million smelter at T...

By Staff reporter | Published: 14 December 2017

MINING & RETAIL

Nickel price slump worries BNC

BINDURA Nickel Corporation (BNC) says volatile world nickel prices would continue to affect the company's operations after the US$12 000 per tonne rally of September again dipped to slightly over US$1...

By Staff reporter | Published: 05 October 2017

MINING & RETAIL

Low prices affect BNC's smelter restart plans

Bindura Nickel Corporation (BNC) has said the smelter restart project has been hampered by cash flow problems, arising from low nickel prices.BNC is a subsidiary of Asa Resources.BNC managing director...

By Staff reporter | Published: 18 September 2017

MINING & RETAIL

BNC smelter restart project now 83% complete

ASA RESOURCES Group' subsidiary, Bindura Nickel Corporation's (BNC) smelter restart project is 83% complete after $21,5 million was spent on the project which is set for completion this financial year...

By Staff reporter | Published: 05 July 2017

MINING & RETAIL

$26m for BNC smelter

Bindura Nickel Corporation (BNC) Limited says it requires about $26 million to restart its smelter project, expected to improve payability and profits.Speaking at an analyst briefing on Monday, BNC fi...

By Staff reporter | Published: 15 July 2014

MINING & RETAIL

Bindura Nickel Corp in re-birth!

BINDURA Nickel Corporation's long road to recovery, which included five difficult years under care and maintenance, culminated in a strong return to profitability, thanks in part to the firming intern...

By Staff reporter | Published: 15 July 2014

MINING & RETAIL

BNC projects higher profits

BINDURA Nickel Corporation Limited taxed profit is expected to be higher for the second half of the financial year ended March 31 2014 due to the improvement of output at Trojan Mine.In statement, the...

By Staff reporter | Published: 16 June 2014

MINING & RETAIL

BNC targets region with smelter

AIM-listed Mwana Africa's Bindura Nickel Corporation (BNC) is targeting to process minerals from other countries in the region at its Bindura smelter and refinery complex once refurbishment has been ...

By Staff reporter | Published: 30 May 2014

MINING & RETAIL

BNC targets increase in nickel production

Bindura Nickel Corporation is targeting a 42 percent increase in nickel production within the next two years as the company intensifies efforts to restart its smelter shut down during the hyperinflati...

By Tinashe Makichi | Published: 29 May 2014

MINING & RETAIL

BNC mull Shangani Mine resuscitation

Bindura Nickel Corporation is weighing options on the possibility of resuscitating Shangani Mine, but the eventual decision depends largely on nickel prices as the mine's deposits are low grade.Managi...

By Golden Sibanda | Published: 05 May 2014

MINING & RETAIL

Freda Rebecca, BNC increase output

The Freda Rebecca Gold Mine and Bindura Nickel Corporation are well posed to boost Mwana Africa's top and bottomline.The multi-commodity mining conglomerate's Zimbabwean operations posted increases i...

By Staff reporter | Published: 23 April 2014

MINING & RETAIL

'BNC can process platinum metals'

Bindura Nickel Corporation could turn its smelter and refinery into precious metals refinery with a few modifications and refurbishment, managing director Mr Batirai Manhando said.Mr Manhando said the...

By Golden Sibanda | Published: 28 March 2014

MINING & RETAIL

Mwana Africa regains BNC assets

Mwana Africa Plc (Mwana) is set to regain $47,3 million it had written off on Bindura Nickel Corporation (BNC)'s non-current assets over viability concerns of the Zimbabwe-based unit, an investment in...

By Staff reporter | Published: 25 March 2014

MINING & RETAIL

BNC mining plan bears fruit

BINDURA Nickel Corporation's revised mining plan has started bearing fruit after a marked increase in recoveries and a decline in costs, Mwana Africa Plc has revealed."Recoveries have increased marked...

By Staff reporter | Published: 24 October 2013

MINING & RETAIL

BNC to seal $4,5m finance deal

BINDURA Nickel Corporation is reportedly close to sealing the $4,5 million bridging finance facility with unnamed domestic banks for the second phase of the restart of Trojan Mine.Expectations had bee...

By Business reporter | Published: 01 October 2013

MINING & RETAIL

BNC places 10% to creditors

Bindura Nickel Corporation shareholders have approved the conversion of some of the mining group's liabilities into equity in a move that will see the company placing shares translating to a 10% stake...

By Business reporter | Published: 20 September 2013

MINING & RETAIL

BNC adopts new strategy after failing to raise funds

Bindura Nickel Corporation chairman Kalaa Mpinga told a BNC AGM this morning that management adopted a strategy for earlier extraction of massives totaling 6 290 tonnes nickel over a period of 18 mont...

By Staff reporter | Published: 19 September 2013

MINING & RETAIL

Bindura Nickel Corp targets profitability

BINDURA Nickel Corporation is projecting to attain a cash positive position by the end of next month after overcoming its immediate funding requirements.The projection is contained in the firm's finan...

By Business reporter | Published: 10 September 2013

ANNOUNCEMENTS

Bindura Nickel Corporation - Notice of AGM

Shareholders are notified of the 47th AGM of members of BNC to be held at Chapman Golf Club, Samora Machel Avenue East, Harare on Thursday, 19th September 2013 at 9:30 am for the purpose of transactin...

By BNC | Published: 28 August 2013

MINING & RETAIL

Mwana Africa impairs BNC assets

Mwana Africa has written off Bindura Nickel Corporation's non-current assets on concerns over viability of the subsidiary’s operations, plunging the AIM-listed group into a humongous loss. In a stat...

By Business reporter | Published: 06 August 2013

MINING & RETAIL

Bindura Nickel Corp raises red flag

BINDURA Nickel Corporation warned of potential material uncertainty on its status as a going concern if it fails to obtain short-term bridging finance and execute a revised mining plan. Africa's only ...

By Business Reporter | Published: 01 August 2013
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