Bindura Nickel Corporation operates a mine and owns a smelter and refinery complex, which are both currently not operational, in Bindura, Zimbabwe. It was established in 1966 by Anglo-American Corporation and was listed on the ZSE in 1971. The Company is engaged in the mining and extraction of nickel and its by-products (copper and cobalt). The Company’s major product is nickel in concentrate which contain nickel sulphide. The main uses of nickel are in the production of stainless steel. With the development of electric and hybrid cars in the automotive industry, the demand for nickel sulphide is projected to rise steadily in the medium to long term.
The first nickel deposit was discovered at Trojan Mine, Bindura, in 1956. The first concentrate was produced in 1964. BNC was established by the Anglo American Corporation Group in Zimbabwe in 1966. The smelter and refinery were constructed in 1968, while the first production of nickel cathode was achieved in the same year. BNC was listed on the Zimbabwe Stock Exchange in 1971. As of 31 March 2021, BNC employed 1124 permanent and contract personnel.
BNC has three subsidiaries, namely BSR Limited (formerly Bindura Smelter and Refinery Limited), Hunters Road Nickel Mine (Private) Limited, and Trojan Nickel Mine Limited (TNM). However, the assets and liabilities for all operations of the BNC Group are in TNM.
