BUSINESS NEWS

Chinese exit Bindura

Chinese mining and exploration group ASA Resources Group says it is tying up a deal to sell-off its shareholding in Bindura Nickel Corporation (BNC), which will see it exit the Zimbabwean market.ASA o...

By Staff reporter | Published: 20 December 2018

MINING & RETAIL

Bindura smelter project put on hold

PAYMENT for a bond which was floated a few years ago for the restart of a smelter by Bindura Nickel Corporation (BNC) is weighing down on the company's capital requirements after it spent US$5 million...

By Staff reporter | Published: 07 December 2018

POLITICS

Chamisa's 'bullet train' heads to Bindura

The MDC Alliance is conducting roadshows in Mashonaland Central province to mobilise support ahead of its presidential candidate Nelson Chamisa's star rally scheduled for Bindura's Chipadze Stadium to...

By Staff reporter | Published: 26 July 2018

POLITICS

Mnangagwa packs Chipadze in Bindura

THOUSANDS of people packed Chipadze Stadium in Bindura on Saturday for President Emmerson Mnangagwa's second campaign rally in as many days.The Zanu-PF leader took his campaign for the July 30 electio...

By Staff reporter | Published: 08 July 2018

FINANCIAL SERVICES

NMB Bank opens sub-branch in Bindura

NMB Bank has opened a sub-branch in Bindura to provide existing and potential customers in Mashonaland Central with ready access to its banking services and products. The sub-branch opened for busines...

By Staff reporter | Published: 23 May 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

Bindura Nickel Corporation profits up 46%

Listed mining concern, Bindura Nickel Corporation (BNC), has posted a $2,23 million profit after tax in the half year to September representing a 46,8 percent increase from $1,18 million reported in ...

By Staff reporter | Published: 10 December 2017

MINING & RETAIL

Bindura Mine bosses vanish with $2.7m

Police have launched a manhunt for two senior officials from a local company, ASA Resource Group Plc, on allegations of defrauding Bindura Nickel Corporation Mine (Trojan Nickel Mine) in Bindura of mo...

By Staff reporter | Published: 12 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

Imara Stockbrokers downgrades Bindura

Bindura Nickel Corporation released a subdued set of numbers for their Q3 trading update, as nickel concentrate production declined by 30% from 1,989 tonnes in Q2 to 1,383 tonnes. This was on the bac...

By Staff reporter | Published: 17 February 2015

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

Mwana Africa poised for growth in Zim, DRC

The steady tick up of the share price of Mwana Africa over the last six months mirrors a stream of steady positive news flow reported by the company this year.The firm, which operates the Freda Rebecc...

By Proactive Investor. | Published: 24 June 2014

ZSE TODAY

Minings shoots past the 50-level on buoyant Bindura

The Minings Index traded past the 50-level helping it recover from losses characteristic of the sector since the beginning of the year. The resources sector closed Tuesday's trades with a year to date...

By Staff reporter | Published: 24 June 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

7 injured in Bindura mine explosion

Seven employees, including a manager, were seriously injured after a gas tank exploded in a mine tunnel at Freda Rebecca Mine on Tuesday. Some of the seven were taken to Bindura Provincial Hospital be...

By Staff reporter | Published: 30 May 2014

MINING & RETAIL

Mwana Africa mulls Bindura debt finance

MWANA Africa has revealed it is looking for debt financing to fund the reopening of its Zimbabwe nickel smelter and refinery to benefit from rising metal prices.Restarting the Bindura Nickel smelter ...

By Bloomberg. | Published: 26 May 2014

MINING & RETAIL

Bindura Nickel returns to profitability

Bindura Nickel's revenue for the six months to September amounted to $21.4 million after the mine sold 2,191t of nickel concentrate according to unaudited results for the interim period published by p...

By Staff reporter | Published: 11 December 2013

MINING & RETAIL

Bindura Nickel Corp overcomes financial woes

BINDURA Nickel Corporation may now be looking ahead to developing and maximising returns from its Hunters Road resource, smelting and refinery assets after eventually overcoming its financial woes fol...

By Staff reporter | Published: 19 November 2013

MINING & RETAIL

Bindura Nickel Managing Director steps down

The Board of Directors of Bindura Nickel Corporation announced that, taking effect from 11th November 2013, unless otherwise indicated, Mr. D.E.H. Murangari steps down as Managing Director on retireme...

By Staff reporter | Published: 11 November 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 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

Bindura Nickel Corp capital hunt on course

Bindura Nickel Corporation has said its plans to raise a $5 million debt funding to finance Trojan Mine are on course despite liquidity constraints on the market.The mining concern in a statement yest...

By Business reporter | Published: 14 August 2013
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