Bindura Nickel Corporation (BNC) is a mining company based in Zimbabwe's Mashonaland Central.
BNC is operated and majority-owned Mwana Africa plc, an African multinational mining company based in Johannesburg.
[4] In 2004, ASA Resource Group acquired the majority share of BNC from Anglo American Corporation, owning about 75%.
[5] After the murder of BNC's chairman Leonard Chimimba in May 2006, there were media reports speculating foul play by the Botswana government.
Mwana was considering delisting BNC from the Zimbabwe Stock Exchange in 2009, as it sought to raised up to $150 million to restart operations in Bindura under CEO Kalaa Mpinga.
[11] A $43.7 million impairment charge for Bindura Nickel Corporation’s operations in Zimbabwe resulted in huge losses for its parent company, Mwana Africa in 2013.
[12] In 2013, Mpinga stated that a plan to develop Bindura's " refinery and smelter at Mwana's nickel operations" would be enacted by 2014.
The mine was complying with a law newly enforced by Zimbabwe that required 51% of the company be held by black nationals of the country.
[15] After a dip in Bindura Nickel Corporation's share price in 2015, there were reports that the Zimbabwe Stock Exchange had struggled as a result, with the mining index dropping 50% that year.
"[24] In 2019, BNC was lobbying the Reserve Bank of Zimbabwe to change forex rules relating to mining companies.
[26] In 2019, it was working on a feasibility study of a $200 million Hunters Road mine, which was estimated to have 200,000 tons of nickel.