Articles tagged 'mwana africa'

Mixed fortunes for Asa Resources 16 August 2016 HARARE - Asa Resources Plc (Asa), formerly Mwana Africa, said it recorded mixed fortunes in the quarter to June after gold and diamond sales registered strong performances while nickel sales failed to rise to the occasion. In the period under review, the group’s gold sales went up two percent ...
Asa Resource in record loss 25 July 2016 HARARE - Aasa Resource Group, formerly Mwana Africa, has registered a record loss of $9,6 million in the full year to March 2016 compared to a $7 million profit last year as revenue was dragged lower by weaker selling prices for gold and nickel. The group’s executive chairman, Yat Hoi Ning, sa...
Chinese rebrand Mwana Africa 1 October 2015 HARARE - London-listed Mwana Africa Plc (Mwana) is rebranding to Asa Resources Group Plc to reflect the new Chinese shareholding structure. The pan-African resources company, active in diamond, gold and nickel mining in the Democratic Republic of  Congo (DRC), Zimbabwe and South Africa, recent...
Wellesley-Wood leaves Mwana Africa 31 August 2015 HARARE - Mwana Africa Plc (Mwana)’s non-executive director, Mark Wellesley-Wood, has resigned from the London-listed firm and is likely to be succeeded by a Chinese national, Ching Fung Hung, at the company’s annual general meeting slated for September 29. The resignation of Wellesley-Wood com...
Mwana Africa reports good performance 27 August 2015 HARARE - Mwana Africa Plc (Mwana) continues to record impressive results and is set for greater heights despite the recent departure of its founder and former chief executive, Kalaa Mpinga. The London-listed firm’s results for the quarter ended June 30, 2015 released yesterday revealed that de...
Mwana profit down 86pc 30 July 2015 HARARE – London-listed Mwana Africa Plc (Mwana) profit slumped 86 percent to $7 million in the full year to March 31, 2015 from $50,6 million due to high unit costs. However, Mwana executive chairman Yat Hoi Ning yesterday said despite the latest setbacks, the resources firm has set its eyes o...
Kalaa Mpinga resigns as Mwana CE 11 June 2015 HARARE – Mwana Africa Plc (Mwana) founder and chief executive Kalaa Mpinga has resigned with immediate effect after the recent boardroom changes at the Zimbabwe-based nickel and gold miner. Yat Hoi Ning, the new Mwana executive chairman, said terms of Mpinga’s departure are still to be finalis...
Chinese shareholder appointed Mwana interim chairman 10 June 2015 HARARE – AIM-listed Africa-focused resources group, Mwana Africa Plc (Mwana), has appointed Yat Hoi Ning as its interim chairman. Ning, who takes over from Stuart Morris who retired last week Friday, will – with immediate effect – fulfil this role until a new chairman has been appointed. ...
Indonesia ban to boost nickel price — BNC 13 December 2014 HARARE - Mwana Africa’s Zimbabwean unit Bindura Nickel Corporation (BNC) says Indonesia’s ban on exports of unprocessed nickel ore may benefit the group through firmer global prices. Indonesia is a major nickel producer and it accounted for 20 percent of the commodity’s global production last ...
'Mwana Africa was a nightmare' 24 November 2014 HARARE - Mwana Africa might now be history to many, but former midfielder Alisara Kondowe still bears emotional scars after the club blocked his move to join DRC glamour side TP Mazembe. Kondowe was part of the Mwana Africa team that left a lasting impression in their three year flirtation in ...
Mwana begins $26m smelter revamp 21 October 2014 HARARE – London-listed resources firm Mwana Africa Plc (Mwana) has begun processes to restart its smelter at Zimbabwean subsidiary, Bindura Nickel Corporation. The group invested $26,5 million in the refurbishment of the smelter. In a quarterly operations and exploration update released tod...
BNC profits to jump 45 percent: Report 22 August 2014 HARARE - EFE Securities has tipped Bindura Nickel Corporation (BNC) to increase its profit by 45 percent in 2015 to $34,3 million up from $23,7 million recorded this year due to an anticipated rise in nickel prices. In its review of BNC, the equities research company said global Nickel price h...
Mwana eyes job creation 19 August 2014 HARARE - Africa-focussed resources group, Mwana Africa plc (Mwana) says the resumption of smelting at its Zimbabwe unit Bindura Nickel Corporation (BNC) will assist in creating employment in the troubled southern African country. Stuart Morris, the Mwana interim chairman said Zimbabwe was awar...
Mwana's Zim ops in mixed performance 8 August 2014 HARARE - AIM-listed Mwana Africa Plc (Mwana) says its Zimbabwean operations, Bindura Nickel Corporation (BNC) and gold miner Freda Rebecca (Freda), registered a mixed performance in the quarter ending June 2014. The group’s chief executive Kalaa Mpinga said BNC’s nickel production slumped by 1...
BNC back in the black 16 June 2014 HARARE - Mwana Africa’s Zimbabwean unit Bindura Nickel Corporation (BNC) said it expects its profit after tax for the second half to March 2014 to be significantly higher than first half’s $3,3 million. The miner, which incurred a $12,9 million loss in the year to March 2013, said the improved...
Mwana to ramp up Zim mines 23 January 2014 HARARE - Aim-listed Mwana Africa Plc (Mwana) plans to ramp up production at its Zimbabwe-based gold and nickel mines following a strong performance in 2013. The resources group, led by group chief executive Kalaa Mpinga, said it planned to increase Freda Rebecca's gold production to 100 00 oun...
Mwana ramps up nickel sales 22 January 2014 HARARE - Pan African miner Mwana Africa Plc (Mwana) says nickel in concentrate sales from its Zimbabwe-based Trojan mine went up 76 percent more to 2,651 tonnes in the quarter ended December 2013. During the period under review, Trojan owned by the group’s subsidiary Bindura Nickel Corporation...
Chapani chose books over football 9 December 2013 HARARE - Mavhuto Chapani grew up in the small mining community of Muriel in Mutorashanga, kicking a ball and hoping one day he would play for his boyhood club CAPS United. Just like in most mining communities, structures for the development of sports were available and at the age of 14, Chapan...
Murangari resigns as BNC MD 12 November 2013 HARARE - David Murangari has resigned as managing director of Bindura Nickel Corporation (BNC). His resignation is with effect from November 11, 2013. The former Zimbabwe Chamber of Mines president — who joined the Mwana Africa Plc (Mwana) flagship subsidiary in May 2007 — will remain on th...
Freda gold output up 19pc 25 October 2013 HARARE - Aim-listed resources group Mwana Africa plc (Mwana) says quarterly production at its Zimbabwe-based gold miner Freda Rebecca went up 19 percent quarter-on-quarter to 17,536 ounces. The miner said cash costs fell from $112 per ounce to $837 per ounce during the period under review. ...
Unsung Mwana idol recalls memories 13 October 2013 HARARE - It might be five years since Mwana Africa were relegated from the Premier Soccer League, but the nickel miners had left a lasting impression in their three year flirtation with the top-flight game. The Bindura miners may now be history to many but they wrote their fairy-tale in the Ca...
BNC production set to increase 10 October 2013 HARARE - Bindura Nickel Corporation (BNC) says it expects production at its Trojan Mine to increase by nearly 30 percent to 32,975 metric tonnes per annum after implementation of a proposed business plan by United Kingdom-based SRK Consulting (SRK). The SRK plan indicates that Trojan had prove...
Mwana pins hope on Zim operations 4 October 2013 HARARE - London-listed resources group Mwana Africa plc (Mwana) says it is looking up to its Zimbabwe operations to be self-sufficient. The pan-African miner — involved in the production, development and exploration of gold, nickel, copper and diamonds in Angola, Botswana, the Democratic Repub...
Mwana raises additional $2,8m 18 September 2013 HARARE - Mwana Africa plc (Mwana) has raised an additional $2,8 million working capital to refurbish its mining assets. The pan-African resources company — which early this month brought in around $3,2 million  through a share subscription — appears to be slowly putting together the financial...
Mwana raises $3,2m capital 6 September 2013 HARARE - Aim-listed Mwana Africa plc (Mwana) has sourced around $3,2 million through a share subscription to provide working capital. The funds, given the firm's progress on cost cutting, should be enough to meet its working capital requirements for the “foreseeable future”, the miner said. ...