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Mwana Africa plans BNC smelter, refinery restart
January 15, 2013 - 20:48 GMT
Mwana Africa plans to re-open its Bindura Nickel Corporation (BNC)’s nickel smelter and refinery and Shangani mine, accelerating a phased re-start of operations at Africa’s only integrated nickel producer.
BNC will start selling concentrates to Glencore in the
second quarter of this year. Management at London-listed Pan
African resources group, Mwana Africa, the parent company which
rescued BNC from liquidation and is driving its
re-capitalisation, is now planning to re-open its nickel
smelter and refinery and Shangani mine, accelerating the phased
re-start of operations at Africa's only integrated nickel
producer. Re-opening the smelter will substantially improve
cash flow, as BNC seeks to begin toll refining agreements with
nickel producers in Botswana, South Africa and Zambia. "Once we
get Trojan back into full production, the next phase is turning
on the smelter and refinery and tolling material...
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Euromoney Institutional Investor PLC.
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