26
MODERN MINING
February 2014
COMPANIES
B
oth Freda Rebecca and Trojan are
located in the Bindura area north
of Harare. Mwana has an 85 % in-
terest in Freda Rebecca while its
control of Trojan, a high-grade,
long-life underground operation, stems from
its 76,3 % interest in Bindura Nickel Corpora-
tion (BNC), which owns not only Trojan but
also the Bindura smelter and refinery complex,
as well as other assets such as the Shangani
nickel mine. Trojan was brought out of a four-
year long care and maintenance programme in
September 2012 but both the smelter and refin-
ery, as well as Shangani, are currently inactive.
While Freda Rebecca and Trojan are Mwana’s
only significant operating assets, the company
is more than just a Zimbabwean player. In the
DRC it holds the Zani-Kodo gold project in the
north-east of the country, as well as a 20 %
interest in MIBA, the DRC’s state diamond
miner, and an extensive package of copper
explorations tenements in the south of the
country in Katanga. In Angola it has an 18 %
free-carried interest in Camafuca, said to be the
largest known undeveloped diamond-bearing
kimberlite complex in the world, while in
Botswana it owns a 55 % interest in the BK16
diamond exploration concession. In South
Africa it has a 65 % stake in the Klipspringer
diamond mine, 35 km south of Polokwane.
MWANA
gears up for
growth
Kalaa Mpinga, Chief Executive
Officer of Mwana Africa.
After enduring a torrid few years in the
aftermath of the global financial crash
of 2008, AIM-listedMwana Africa –
which operates Zimbabwe’s Freda
Rebecca goldmine, as well as the Trojan
nickel mine – sees better times ahead.
According to its CEO KalaaMpinga, the
company is nowwell-placed for growth
and value delivery to investors.
