Born from the transformation of Mwana Africa, the Asa Resources Group recorded over the sixth months ended last September 30, an after-tax loss of $3.359 million in its nickel assets in Zimbabwe.

The company revealed on December 1st in an unaudited report, this situation happening in its Bindura Nickel Corporation subsidiary in which it holds a 74.73% stake. This subsidiary owns and operates the Shangani and Trojan Nickel mines.

Listed on the Zimbabwean Stock Exchange since 1971, Bindura Nickel Corporation over the reviewed period made a turnover of 20.559 million dollars, lower than the $46.386 million obtained during the same period the year before.

Aside its assets in Trojan and Shangani, Bindura Nickel Corporation also has a smelter in Bindura as well as a refinery complex which is about to resume its activities to produce high-quality Nickel cathodes, Copper sulfides and Cobalt hydroxide.