BNC commits US$34 million to mine closure plans

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Bindura Nickel Corporation (BNC) says it has committed US$34,43 million in the past three years towards mine closure plans and rehabilitation of mine areas being closed out.
In its annual report for the year ended March 31, 2023, the nickel miner said mineral reserves are limited and that some areas of the mine needed to be closed while mining continues in areas that are viable.
“We acknowledge that our operations are associated with environmental and social impacts, which we commit to continuously rehabilitate, as part of mine closure and rehabilitation plans,” the miner said.

“We take into account viable economic activities which benefit the business and local communities. For example, rehabilitating disused mining infrastructure such as dumpsites and slimes dams, which could benefit Madziva Teachers College and Gwanda State University for learning and education, tourism, and fish farming.”
In FY2023, BNC spent US$10,59 million as part of its mine closure plan, representing a 23,78 percent decline from US$13,9 million in 2022. In 2021, the miner committed US$9,93 million. The mine closure plan encompasses all mineral deposit areas, the decommissioning of equipment and the rehabilitation of areas for agricultural or forestry activities and other purposes. It also covers employees’ welfare post-closure.
“In this regard, we have been facilitating loans for employees from local banks to start income generating projects for a better future. Further, the company continues to assist employees to secure housing stands from the local councils,” said the company.
“Lastly, we offer financial management counselling services to our employees. The mine closure plan is audited every two years against regulations in the mining industry. We strive to align community benefits with our closure plans.”
The miner handed over the mine infrastructure to responsible local authorities.
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