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Zimbabwe: BNC Profit Declines 94 Percent

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[The Herald] Bindura Nickel Corporation Limited profit after tax for the year ended March 31, 2016 slumped 94 percent to $0,65 million on lower production and subdued global commodity prices . Production for the year was 9 percent lower following a planned major shutdown in July last year to allow for an upgrade of power supply systems and introduction of a new mining model in the second half of 2015.The new mining model resulted in the reduction of overall output, although this resulted in increased proportion of high ......

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