Nickel

Mining Weekly reported Mwana Africa (LSE:MWA) said its subsidiary Bindura Nickel Corporation will raise $21-million to restart the Trojan nickel mine in Zimbabwe.

Mining Weekly reported Mwana Africa (LSE:MWA) said its subsidiary Bindura Nickel Corporation will raise $21-million to restart the Trojan nickel mine in Zimbabwe.

As quoted in the market news:

Mwana, through its subsidiary Zimnick, would act as underwriter for the proposed rights issue, which would fund the first $21-million of the estimated $33-million needed to get the Trojan mine into production.

The venture is anticipated to generate revenue in the first year of operation.

Click here to read the full Mining Weekly report.

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