BINDURA Nickel Corporation (BNC) reported a 44 percent drop in nickel in concentrate for the nine months ended December 31, 2022 owing to lower milled tonnage and grade of mined ore.
For the quarter, the amount of nickel in concentrate produced was 80 percent less than during the same period last year.
“The company’s performance for the quarter was negatively impacted by a major breakdown that was experienced on Trojan Nickel Mine’s sub-vertical rock winder (SVR), which is used to hoist material (ore and waste) from the underground mining operations,” BNC said in a trading update.
According to the miner, the breakdown took place in October last year after a seismic incident that caused the SVR’s centre bearing to overheat due to misali
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