11th Apr 2013 10:00
11 April 2013
MWANA AFRICA PLC
("Mwana" or the "Company")
Appointment of Joint Broker
Mwana (AIM: MWA), a pan-African multi-commodity mining and development company, is pleased to announce the appointment of Peel Hunt LLP as Joint Broker to the Company with immediate effect.
For further information please visit www.mwanaafrica.com or contact:
Mwana Africa PLC | |
Donald McAlister / Lorenz Werndle | Tel: +44 (0)20 7964 5580 |
Nominated Adviser and Joint Broker | |
Liberum Capital Limited | |
Michael Rawlinson / Tom Fyson / Christopher Kololian | Tel: +44 (0)20 3100 2000 |
Joint Broker | |
Peel Hunt LLP | |
Matthew Armitt / Andy Crossley | Tel: +44 (0)20 7418 9000 |
Public & Investor Relations | |
Tavistock Communications | |
Ed Portman / Simon Hudson / Mike Bartlett | Tel: +44 (0)20 7920 3150 |
About Mwana Africa PLC
Mwana Africa PLC is a pan-African, multi-commodity mining and development company. Mwana's principal operations and exploration activities cover gold, nickel, copper and diamonds in Zimbabwe, the DRC and South Africa.
The restart of operations at The Trojan Nickel Mine (owned by Mwana's Zimbabwe subsidiary Bindura Nickel Corporation ("BNC")) follows four years during which all of the BNC assets were on care and maintenance. In September 2012, Bindura Nickel Corporation carried out a restructuring and recapitalisation involving US$23m being invested into BNC which has allowed it to restart the Trojan mine. First sale of concentrate to Glencore International is expected in Q2 2013.
Mwana's Freda Rebecca gold mine in Zimbabwe, having restarted operations in 2009, produced 47,770 ozs of gold in the 12 months to March 2012. Record quarterly gold production of 18,350 ozs was achieved in the third quarter of 2012.
In February 2013, Mwana announced that the gold mineral resource at its Zani Kodo project in Democratic Republic of Congo had increased to 2.6 million ounces.
In August 2012, Mwana announced it had entered into a Cooperation and Development Agreement with Zhejiang Hailiang Company Limited to jointly explore its copper license areas in the Katanga Province of the DRC.
Related Shares:
Asa Resources