BNC output up 20 pc in Q2
NICKEL production at Bindura’s Trojan Nickel Mine for the second quarter to September 30, increased by 20 percent to 1 866 tonnes compared to 1 555 tonnes in the previous quarter buoyed by an increase in head grade and recoveries, the miner said on Monday.
BNC, a subsidiary of Asa Resources, said sales volume were 32 percent up at 1 971 tonnes from 1 493 tonnes in the previous quarter.
Average nickel in concentrate prices were 16 percent higher at $6 668 per tonne.
Cash costs went down by 17 percent to foreign lines of credit. As a resilient nation one hopes we see the light and go back to the drawing board and address the above concerns with the urgency they deserve.
Working smarter: “Be smart about it” We have heard “Think in other terms” or “Think outside the box” but we are saying it’s no longer that it’s now “Act in other Terms” or “Act outside the box” above all “work smarter not harder”.
Aspire to inspire before you expire It is from this point of view that we will leave you with the quote wrongly attributed to former South African Mr President Nelson Mandela on his inaugural speech in 1994.
“Our deepest fear is not that we are inadequate. Our deepest fear is that we are powerful beyond measure. It is our light, not our darkness that most frightens us. We ask ourselves, who am I to be brilliant, gorgeous, talented and fabulous? Actually who are you $4 782 per tonne from $5 736 per tonne previously.
Gold sales for Freda Rebecca Gold Mine increased by 10 percent to 15 904 ounces in the second quarter from 14 463oz in the previous quarter driven by higher prices in the market. Total tonnes mined increased by 13 percent to 363 082 tonnes.
The price for bullion averaged $1 341 per ounce in the quarter compared to $1 275/ oz previously. Freda expects to commission a new milling unit in the third quarter. Cash costs dropped by five percent to $944/oz from $993/oz. — The Source not to be? You are a child of God. Your playing small doesn’t benefit the world. There’s nothing enlightened about shrinking so that other people won’t feel insecure around you. We were born to make manifest the glory of God that is within us. It is not just in some of us, it’s in everyone. And as we let our light shine, we unconsciously give other people the permission to do the same. As we are liberated from our fear, our presence automatically liberates others”.
IF YOU LIVE IN BYO PLEASE CONSERVE WATER. IF YOU LIVE IN ZIMBABWE PLEASE USE ELECTRICITY SPARINGLY: SOS (SWITCH OFF SWITCHES) IF YOU LIVE ON PLANET EARTH PLEASE PRESERVE THE ENVIRONMENT
Morris Mpala is the managing director of MoB capital Limited, a Bulawayo headquartered institution with footprint across the country.