Bindura Nickel Corporation (BNC) is a mining company based in Zimbabwe's Mashonaland Central.[1][2]
Bindura operates mines and a smelter complex in the area of Bindura, Zimbabwe. BNC is operated and majority-owned Mwana Africa plc, an African multinational mining company based in Johannesburg. BNC is listed on the ZSE and the VFEX.
History
Creation of company
The company's founding CEO was Kalaa Mpinga.
In 2003, Anglo American sold its stake in the company, selling its 52.9% stake in Bindura Nickel Corporation to Mwana Africa Holdings for $8 million.[3] In 2004, ASA Resource Group acquired the majority share of BNC from Anglo American Corporation, owning about 75%. BNC's debts subsequently went over $31 million. After the murder of BNC's chairman Leonard Chimimba in May 2006, there were media reports speculating foul play by the Botswana government. BNC hired an investigation firm in South Africa, and said there was "nothing unusual" about his death in a carjacking.[4]
After a plunge in nickel prices, in 2008 BNC began operating on "care and maintenance," i.e. sans production. At the time of its shutdown, it was the only integrated nickel miner, smelter and refinery in Africa. The cost of resuming the Trojan mine was estimated at $50 million, and the Bindura complex at $150 million. Mwana owned 53% of the company.[5]
Key people
The chairman is Muchadeyi Masunda.[27]
Operations
Mines
Products include nickel, copper and cobalt.
Smelter
- The Bindura[1] Smelter and Refinery Complex is located south of the town of Bindura. The smelter produces nickel cathodes, copper sulphide and
See also
- Nickel mining and extraction
- Copper mining and extraction
External links
References
- "Bindura Nickel Corp in the red", Chronicle (July 5, 2018)^
- "BNC pins hopes on feasibility study", Melody Chikono, The Independent (August 5, 2019)^
- "Anglo American to Sell Stake in Bindura Nickel", AngloAmerican (April 15, 2003)^