BIND - Bindura Nickel Corporation Limited
Bindura Nickel Corporation (BNC) Limited is a Zimbabwean mining company engaged in nickel production. Incorporated in June 1979, the company is based in Mashonaland Central. Trojan Nickel Mine Ltd and Shangani Nickel Mine Ltd are operating subsidiaries of BNC, having hoisting and treatment capacity of 1.1Mt and 1.0Mt a year respectively. BNC also owns and operates the Bindura Smelter and Refinery Complex which produces nickel cathodes, copper sulphide, and cobalt hydroxide. Its smelter capacity is estimated at 17ktpa and for the refinery 14.5ktpa.
Bindura Nickel's projects include the Shaft Re-deepening Project, the Concentrator Plant and Sub Vertical Medium Voltage Switch Room Equipment Replacement Project, the Sub Vertical Service Winder and Main Rock Winder Drives Upgrade Project, and the Smelter Restart Project.
In 2003, Mwana Africa Holdings, a South African mining company, acquired a 52.9% controlling interest in Bindura Nickel Corporation from Anglo American Corporation of Zimababwe.
NOTE: Shares of Bindura Nickel Corporation Limited have been delisted from the Zimbabwe Stock Exchange (ZSE) since close of trading on Wednesday, December 15, 2021. Bindura Nickel was traded on the ZSE under the ticker symbol “BIND”. Bindura Nickel Corporation Limited had a market capitalization of ZWL 7.5 billion.
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BIND Stock Market Performance
The current share price of Bindura Nickel Corporation Limited (BIND) is ZWL 5.9794. BIND closed its last trading day (Thursday, December 9, 2021) at 5.9794 ZWL per share on the Zimbabwe Stock Exchange (ZSE), recording a 5.3% drop from its previous closing price of 6.3122 ZWL. Bindura Nickel began the year with a share price of 3.7595 ZWL and has since gained 59.1% on that price valuation, ranking it 49th on the ZSE in terms of year-to-date performance. Shareholders can be optimistic about BIND knowing the stock has accrued 19% over the past four-week period—sixth best on ZSE.
Bindura Nickel Corporation is the 16th most traded stock on the Zimbabwe Stock Exchange over the past three months (Sep 17 - Dec 15, 2021). BIND has traded a total volume of 18.4 million shares valued at ZWL 99.6 million over the period, with an average of 291,358 traded shares per session. A volume high of 4.99 million was achieved on December 3rd for the same period. The table below details the last 10 trading days of activity of Bindura Nickel on the Zimbabwe Stock Exchange.
Profile of Bindura Nickel Corporation Limited
Bindura Nickel Corporation Limited operates in the Basic Materials sector, specifically, the Mining industry.
Factsheet of Bindura Nickel Corporation Limited
- Basic Materials
- Trojan Mine Road, PO Box 35, Bindura, Zimbabwe
BIND Industrial Market Competitors
Bindura Nickel Corporation Limited, issuers of the BIND stock on the Zimbabwe Stock Exchange, have one market competitor who is also engaged in the Basic Materials sector and/or Mining industry. The table below presents an overview of their market standing.