Bindura Nickel Corporation Limited
Bindura Nickel Corporation Limited
+263 772 185 650 / 3 Mon - Fri 07:30 - 16:30 No. 1 Trojan Mine Road, Bindura

Investor Relations

Share Price: 1.00 USD Cents

Bindura Nickel Corporation Limited

(BIND.ZW)

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.

Reasons why you should consider investing in Bindura Nickel Corporation Limited
(BIND.zw)

Proven track record

Bindura Nickel Corporation is the largest nickel mining entity in Zimbabwe, whose track record has been built over a period exceeding half a century, anchored on a robust and sustainable mineral resource base, diversity and operational excellence. The Company was established in 1966 by Anglo-American Corporation and was listed on the Zimbabwe Stock Exchange in 1971.

Resource Base

BNC has nickel resources across Zimbabwe under mining, processing, and exploration assets. These are Trojan Mine, Shangani Mine, the Hunters Road Project, Damba-Silwane as well as the Trojan Hill and Kingstone Hill Projects. Collectively, these resources amount to a total of 72.5 million tonnes of ore, at an average grade of 0.60%, containing approximately 434.8 kilo-tonnes of nickel. Based on this resource base, our stakeholders, including Shareholders and other investors, are assured of the continued existence of the Company, into the long-term future.

High Grade Ore Deposits (Massive) at Trojan Mine

Trojan Mine is currently the Company’s flagship. It is endowed with ore deposits of 0.26 million tonnes, whose average grade is approximately 5.42%. The Mine also has low grade disseminated ore of approximately 8.33 million tonnes at about 0.86% nickel, and this supports a high-volume mining strategy. A combination of the high grade and low-grade ore are an enhancement to the Company’s sustainability, as it supports a mining strategy based on blending.

Excess Production Capacity at the Trojan Mine Concentrator

The Trojan Mine Concentrator has an installed capacity of 1 million tonnes per annum. However, it is currently operating at 50% of this capacity.

Other Sources of Ore and Other Mineral Resources

The Company has other ore sources/mineral resources at: Hunters Road (200 000 tonnes contained nickel), Kingstone Hill (potential of 432 000 tonnes contained nickel), Trojan Hill (potential of 13 000 tonnes contained nickel) and the BSR Slag Dump (7 309 tonnes nickel; 2 924 tonnes copper and 6 139 tonnes cobalt)

The BSR Smelting Plant

The currently idle Smelting Plant will add value if restarted, provided the price of nickel is right and feed sources to run the Plant optimally are secured.

The Market

Our products are sought after worldwide. In addition, the electric car revolution will lead to greater demand for our nickel and firmer product prices, which will culminate in added value. This makes BNC an attractive investment choice for anyone who wishes to invest in real value.

  • 1.13c     0.00% 

  • YEAR TO DATE     -43.64%
  • 52 WEEK               0.00%
  • LME NICKEL PRICE(US$/t) 22,450
ACTIVITY
MARKET CAP ZW$ (M) 0
TRADING STATUS Active
SHARES ISSUED (31/10/2021) 0
VOLUME TRADED 0
MARKET INFORMATION
SECTOR MINING
EXCHANGE ZSE
TICKER BIND
YEAR END March
FUNDAMENTALS
P/E RATIO 0.00
EARNINGS PER SHARE (EPS) 0.00000 ZW$
P/B RATIO 0.00
DEBT-TO-EQUITY RATIO 1.05

TOP 10 SHAREHOLDERS (31/10/2021)

 

Other Shareholders 94,259,073 0.00
KUVIMBA MINING HOUSE (PVT) LTD 926,610,403 0.00
ROOPUN SURENDR 9,099,300 0.00
QUANT AFRICA WEALTH MANAGEMENT (PVT) LTD 88,666,680 0.00
ABC ASSET MANAGEMENT (PVT) LTD 8,545,337 0.00
ENGINEERING AND ELECTRICAL SUPPLIES 8,475,864 0.00
PUBLIC SERVICE COMMISS PF-ABC 8,148,583 0.00
NSSA STAFF PENSION FUND – ABC 7,687,907 0.00
SUNCOLD INVESTMENTS (PVT) LTD 5,370,943 0.00
STANBIC NOMINEES (PVT) LTD 45,939,490 0.00
Total 1,161,758,640 90.80
Other Shareholders 117,741,810 9.2
Total 1,279,500,450 100.00

COMPANY INFORMATION

 

Registered Name Bindura Nickel Corporation Limited
Ticker Code BIND
Mr M A Masunda
Mr T Lusiyano
Mr P Maseva-Shayawabaya
Mr M J Bronn
Mr D H Brown
Mr O Chimuka
Mr S Chinyemba
Mrs C C Jinya
Mrs C D Malaba
Mr C G Meerholz
Mrs R Nhamo
Mr I Rukweza
Sector Mining
Address No. 1 Trojan Mine Road, Bindura
Website www.binduranickel.co.zw
Year End March

Fundamentals

Income Statement Summary

  2018 2019 2020 2021 2022  
Revenue (million) 53.555 54.005 52.355 59.169 74.210  
Profit After Tax (PAT) (million) 105.258 120.558 104.381 117.970 140.780  

Statement of Financial Position Summary

  2018 2019 2020 2021 2022  
Share Capital (million) 0.013 0.013 0.013 0.013 0.013  
Total Equity (million) 44.157 46.079 40.240 39.630 38.981  
Total Liabilities (million) 46.253 58.367 52.460 40.619 52.301  
Cash And Other Cash Equivalents (million) 0.380 4.319 1.367 3.410 11.946  
Total Assets (million) 96.976 97.850 89.335 91.435 82.135  

Functional currency used is USD

Corporate Governance

The Board recognizes that in order to effectively play its role of setting out the Group’s strategy and reviewing the Group’s strategic direction, it must observe good corporate governance and comply with emerging global governance requirements. It is the Board’s responsibility to ensure the Group observes generally accepted principles of corporate governance as enunciated in the various codes on corporate governance as well as compliance with laid-down regulatory obligations. The Board is fully cognisant of the standards set out in the King Codes and the Zimbabwe National Code on Corporate Governance and ensures that these are complied with in the Group.

As a listed entity on the Zimbabwe Stock Exchange, the Group is obliged to comply with the latter’s Listing Rules. The Group’s operations are also subject to laws and regulations imposed by government and local authorities. The Board ensures that every effort is made to comply with these laws and regulations to the letter. The Board meets four times a year.


Board composition, balance and independence

The Board has ten members: two executive directors and eight non-executive directors. The Board is chaired by an independent non-executive director. Independent non-executive means independence from management and absence of any business relationship which might have an impact on the director’s independence of judgment and ability to act in the best interests of the Group.

The Companies and Other Business Entities Act (24:31) provide that at least one third of the directors must retire at every annual general meeting and, if eligible, seek re-election.

Executive

  • Thomas Lusiyano
  • Believemore Dirorimwe

Company Secretary

  • Conrad Mukanganga

Non-Executive Directors

  • Muchadeyi A Masunda
  • Craig G. Meerholz
  • Innocent Rukweza
  • Simbarashe Chinyemba
  • Craig Meerholz
  • Rose Nhamo
  • Charity C. Jinya

Connect with us.

Call or email Bindura Nickel Corporation Limited today in order to learn more about our various initiatives. Reach out and learn more…

 

+263 772 185 650/1,
+263 772 185 652/3

Contact Address

Bindura Nickel Corporation Limited

Address:- No. 1 Trojan Mine Road, Bindura.

 

investorrelations@bnc.co.zw
 info@bnc.co.zw