Published: 14 August 2013

Bindura Nickel Corporation has said its plans to raise a $5 million debt funding to finance Trojan Mine are on course despite liquidity constraints on the market.

The mining concern in a statement yesterday said it has completed the internal review mine plan that will see the company targeting higher grade zones following the fall in nickel prices.

BNC management is already successfully applying the new mine plan at Trojan and is confident that the new plan will significantly improve their cash flow and reduce its working capital requirements.

BNC has been sourcing capital from local banks to fund its unit.
- Newsday

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