Appoint competent board members on state owned says Masunda

Appoint competent board members on state owned says Masunda

By Malcolm Meja Addressing business analysts and journalists in the capital today at the Bindura Nickel Corporation (BNC) analyst briefing, BNC Chairman Muchadeyi Masunda revealed that the listed firm faces risk of losing revenue owing to state owned logistics and power utility companies being run by incompetent individuals. BNC just like any other business institution in the country faces multiple risks as an entity if the prevailing economic conditions continue to deter. The mining firm is facing logistical and power supply constraints that will affect revenue inflow if they persevere….

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Poor nickel prices halt BNC smelter completion

Poor nickel prices halt BNC smelter completion

By Tendai Sahondo Bindura Nickel Corporation (BNC) has halted progress on its highly anticipated Nickel smelter as prevailing global nickel prices do not justify its completion, BNC MD Batirai Manhando has said. Speaking at an analyst briefing today, Manhando said the project which is currently 83% complete will be stalled until prices shore up to more sustainable levels of at least $15 000 per nickel tonne. “The fundamentals of completing the smelter project are not in place. We decided instead to recapitalise our operations and re-deepen Trojan mine. We continue…

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