As we known, Zimbabwe has plenty mineral resource. The most important minerals produced by Zimbabwe include gold, asbestos, chromite, coal and base metals. The mining industry contributes approximately 8% towards the country’s GDP.

I saw a news from a website that is a South Africa company raises funds to restart Zimbabwean nickel mine. The company said CIMGC would buy $21.2m of new shares at 5.5 pence per share, while institutional investors will buy the remaining shares through a placing at the same place.

The share sale may also restart Mwana's Zani Kodo gold project in which it has an 80% joint-venture interest, and its 100% owned Semkhat copper-gold project located in the Democratic Republic of Congo.

Mwana Africa chief executive Kalaa Mpinga said, "I am delighted to welcome CIMGC's substantial investment into Mwana Africa, which, allied with the additional money we are looking to raise today, should enable us to restart our nickel mine in Zimbabwe, and to fund our Zani Kodo and SEMKHAT projects respectively in the DRC.

"Furthermore, we will be able to leverage CIMGC's extensive contacts in China and interests in the DRC to the mutual benefit of both companies. This is a transformational transaction for Mwana and I am excited about the Company's prospects as we continue our journey," added Mpinga.

The Zani Kodo gold project would receive about $12m for exploration activities and a prefeasibility study, while $6m is expected to fund Semkhat's exploration activities and a scoping study for a 10 000t per annum copper operation on the Kibolwe prospect.

The Trojan mine, in which Mwana has a 52.9% stake, can treat 1.1 million tonnes of nickel a year.

It is good news that more and more mineral resource is explored. Hope the explored mine brings more profits to the local people and blooms the local business. We, a mining machines company will assist the miner to deploy a perfect selection mine solution.

Nickel Application area : Nickel is used in many specific and recognizable industrial and consumer products, including stainless steel, alnico magnets, coinage, rechargeable batteries, electric guitar strings, microphone capsules, and special alloys. It is also used for plating and as a green tint in glass. Nickel is preeminently an alloy metal, and its chief use is in the nickel steels and nickel cast irons, of which there are many varieties. It is also widely used in many other alloys, such as nickel brasses and bronzes, and alloys with copper, chromium, aluminium, lead, cobalt, silver, and gold.

The bulk of the nickel mined comes from two types of ore deposits. The first are laterites where the principal ore minerals are nickeliferous limonite: (Fe, Ni)O(OH) and garnierite (a hydrous nickel silicate): (Ni, Mg)3Si2O5(OH)4.

News resource link: http://www.mining-technology.com/news/newsmwana-africa-restart-nickel-mine

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