Bindura Shareholders Approve $10 Million Loan From Mwana Africa

Bindura Nickel Corp. shareholders today approved a $10 million loan from parent company Mwana Africa Plc (MWA) to keep the company’s mines on care and maintenance, Kala Mpinga, Mwana’s chairman, told a shareholder meeting in Harare today.

Uncertainty around a local ownership law prevented Bindura from completing its own fundraising, he said.

To contact the reporter on this story: Godfrey Marawanyika in Harare at gmarawanyika@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net

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