BNC commits US$34 million to mine closure plans

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.

Advertisements

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.

Subscribe to The Financial Gazette

This is premium content. Subscribe to read article.

Subscribe Today

Gain access to all articles. Subscribe Today.

Related posts

ICT, consumer stocks drive markets growth

Diversification buoys CBZ’s lending portfolio

Delta Corporation to step up cost cuts

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More