BNC out­put up 20 pc in Q2

Chronicle (Zimbabwe) - - Business Chronicle -

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.

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