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.
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BIND Stock Market Performance
The current share price of Bindura Nickel Corporation Limited (BIND) is ZWL 5.6360. BIND closed its last trading day (Friday, September 24, 2021) at 5.6360 ZWL per share on the Zimbabwe Stock Exchange (ZSE), recording a 12.7% gain over its previous closing price of 5.00 ZWL. Bindura Nickel began the year with a share price of 3.7595 ZWL and has since gained 49.9% on that price valuation, ranking it 47th on the ZSE in terms of year-to-date performance. Shareholders can be optimistic about BIND knowing the stock has accrued 17% over the past four-week period—12th best on ZSE.
Bindura Nickel Corporation is the seventh most traded stock on the Zimbabwe Stock Exchange over the past three months (Jun 28 - Sep 24, 2021). BIND has traded a total volume of 24.5 million shares valued at ZWL 124 million over the period, with an average of 389,440 traded shares per session. A volume high of 3.14 million was achieved on July 9th, and a low of 700 on July 19th, 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|
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.