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 stock of Bindura Nickel Corporation Limited (BIND) is currently trading at 0.0840 USD per share on the Zimbabwe Stock Exchange. BIND began the year with a share price of 0.0945 USD but has since lost 11.11% off that price valuation, ranking it 58th on the ZSE in terms of year-to-date performance. Shareholders' worries are further compounded by the fact that BIND has lost 35.38% of the stock's value from June 20 to date. The table below details the last 10 trading days of activity of Bindura Nickel Corporation Limited 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. Unfortunately, we do not have information on the company's board of directors and/or key executives at this time.
|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 three market competitors who are also engaged in the Basic Materials sector and/or the Mining industry. The table below gives you an overview of their market standing.
|Code||Name||Mkt. Cap.||L. Price||YearTD|
|BRDR||Border Timbers Limited||8.59m||0.2000||+0.00%|
|FALG||Falcon Gold Zimbabwe Limited||2.78m||0.0250||+0.00%|