Report

Update: Smoking!

On 10 June, Mwana Africa announced that, based on the results of an independent study by Hatch Goba, its 76.3%-owned subsidiary, Bindura Nickel Corporation (BNC), plans to return its smelter to operation in H115. In order to process Trojan’s concentrate (which is relatively high in MgO), the smelter will initially run at 66.6% capacity. However, in the longer term the restart pre-positions BNC to open the Hunters Road mine and/or to adapt the smelter to upgrade third parties’ platinum group metals feedstock in compliance with Zimbabwe’s beneficiation requirements.
Underlying
Mwana Africa

Provider
Edison Investment Research
Edison Investment Research

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