BNC seeks $26m for smelter project

Senior Business Reporter
BINDURA Nickel Corporation (BNC) says it is confident of securing $26,5 million required to restart the smelter project this year as a long term strategy towards improving the company’s business prospects.The company announced the completion of an independent study of an accelerated restart plan for the nickel smelter at Trojan Mine, which is owned by BNC, in June last year but has been struggling to secure funding to kick-start the project.

“The company plans to restart its smelter, a project that will significantly improve the prospects of the business. To this end, the company is seeking funding for the project via the flotation of a fixed term debt instrument,” said the company in a cautionary statement.