Bindura Nickel Corporation (BNC) is a mining company based in Zimbabwe 's Mashonaland Central .
80-725: Bindura operates mines and a smelter complex in the area of Bindura, Zimbabwe . BNC is operated and majority-owned Mwana Africa plc , an African multinational mining company based in Johannesburg . BNC is listed on the ZSE and the VFEX . The company's founding CEO was Kalaa Mpinga. In 2003, Anglo American sold its stake in the company, selling its 52.9% stake in Bindura Nickel Corporation to Mwana Africa Holdings for $ 8 million. In 2004, ASA Resource Group acquired
160-516: A laboratory or factory. Ores recovered by mining include metals , coal , oil shale , gemstones , limestone , chalk , dimension stone , rock salt , potash , gravel , and clay . The ore must be a rock or mineral that contains valuable constituent, can be extracted or mined and sold for profit. Mining in a wider sense includes extraction of any non-renewable resource such as petroleum , natural gas , or even water . Modern mining processes involve prospecting for ore bodies, analysis of
240-636: A hopper and a shaking screen or trommel which frees the desired minerals from the waste gravel. The minerals are then concentrated using sluices or jigs. Large drills are used to sink shafts, excavate stopes, and obtain samples for analysis. Trams are used to transport miners, minerals and waste. Lifts carry miners into and out of mines, and move rock and ore out, and machinery in and out, of underground mines. Huge trucks, shovels and cranes are employed in surface mining to move large quantities of overburden and ore. Processing plants use large crushers, mills, reactors, roasters and other equipment to consolidate
320-883: A mass of actual rock. Both types of ore deposit, placer or lode, are mined by both surface and underground methods. Some mining, including much of the rare earth elements and uranium mining , is done by less-common methods, such as in-situ leaching : this technique involves digging neither at the surface nor underground. The extraction of target minerals by this technique requires that they be soluble, e.g., potash , potassium chloride , sodium chloride , sodium sulfate , which dissolve in water. Some minerals, such as copper minerals and uranium oxide , require acid or carbonate solutions to dissolve. Explosives in Mining Explosives have been used in surface mining and sub-surface mining to blast out rock and ore intended for processing. The most common explosive used in mining
400-426: A mining operation. Once the analysis determines a given ore body is worth recovering, development begins to create access to the ore body. The mine buildings and processing plants are built, and any necessary equipment is obtained. The operation of the mine to recover the ore begins and continues as long as the company operating the mine finds it economical to do so. Once all the ore that the mine can produce profitably
480-503: A more sustainable future, the demand for metals is set to skyrocket. Between 2022 and 2050, an estimated 7 billion metric tons of metals will need to be extracted. Steel will account for the largest portion of this total at 5 billion tons, followed by aluminum at 950 million tons, copper at 650 million tons, graphite at 170 million tons, nickel at 100 million tons, and other metals. Notably, the energy expenditure required to extract these metals will soon surpass that of coal mining, highlighting
560-763: A negative environmental impact, both during the mining activity and after the mine has closed. Hence, most of the world's nations have passed regulations to decrease the impact; however, the outsized role of mining in generating business for often rural, remote or economically depressed communities means that governments often fail to fully enforce such regulations. Work safety has long been a concern as well, and where enforced, modern practices have significantly improved safety in mines. Unregulated, poorly regulated or illegal mining , especially in developing economies , frequently contributes to local human rights violations and environmental conflicts . Mining can also perpetuate political instability through resource conflicts . Since
640-433: A result, with the mining index dropping 50% that year. BNC that year was the second worst performer on the exchange. In 2015, ASA gained control of the company and its assets, after acquiring BNC's holding company Mwana Africa and expelling founder Kalaa Mpinga from the company. The "coup" was orchestrated by Chinese International Mining Group Corporation (CIMGC), BNC's largest shareholder, and CIMGC chairman Yot Hoi Ning. BNC
720-408: A strong inducement to extract these metals or to lease the deposits and collect royalties from mine operators. English, German , and Dutch capital combined to finance extraction and refining . Hundreds of German technicians and skilled workers were brought over; in 1642 a colony of 4,000 foreigners was mining and smelting copper at Keswick in the northwestern mountains. Use of water power in
800-651: Is ammonium nitrate . Between 1870 and 1920, in Queensland Australia, an increase in mining accidents lead to more safety measures surrounding the use of explosives for mining. In the United States of America, between 1990 and 1999, about 22.3 billion kilograms of explosives were used in mining quarrying and other industries; Moreover " coal mining used 66.4%, nonmetal mining and quarrying 13.5%, metal mining 10.4%, construction 7.1%, and all other users 2.6%". Artisanal and small-scale mining (ASM)
880-811: Is a blanket term for a type of subsistence mining involving a miner who may or may not be officially employed by a mining company but works independently, mining minerals using their own resources, usually by hand. While there is no completely coherent definition for ASM, artisanal mining generally includes miners who are not officially employed by a mining company and use their own resources to mine. As such, they are part of an informal economy . ASM also includes, in small-scale mining, enterprises or individuals that employ workers for mining, but who generally still use similar manually-intensive methods as artisanal miners (such as working with hand tools). In addition, ASM can be characterized as distinct from large-scale mining (LSM) by less efficient extraction of pure minerals from
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#1732801372784960-476: Is done by removing surface vegetation, dirt, and bedrock to reach buried ore deposits. Techniques of surface mining include: open-pit mining , which is the recovery of materials from an open pit in the ground; quarrying , identical to open-pit mining except that it refers to sand, stone and clay; strip mining , which consists of stripping surface layers off to reveal ore underneath; and mountaintop removal , commonly associated with coal mining, which involves taking
1040-613: Is mining upward, creating a sloping underground room, long wall mining , which is grinding a long ore surface underground, and room and pillar mining, which is removing ore from rooms while leaving pillars in place to support the roof of the room. Room and pillar mining often leads to retreat mining , in which supporting pillars are removed as miners retreat, allowing the room to cave in, thereby loosening more ore. Additional sub-surface mining methods include hard rock mining , bore hole mining, drift and fill mining, long hole slope mining, sub level caving, and block caving . Heavy machinery
1120-484: Is much more common, and produces, for example, 85% of minerals (excluding petroleum and natural gas) in the United States, including 98% of metallic ores. Targets are divided into two general categories of materials: placer deposits , consisting of valuable minerals contained within river gravels, beach sands, and other unconsolidated materials ; and lode deposits , where valuable minerals are found in veins, in layers, or in mineral grains generally distributed throughout
1200-413: Is not of immediate interest to the miner. The total movement of ore and waste constitutes the mining process. Often more waste than ore is mined during the life of a mine, depending on the nature and location of the ore body. Waste removal and placement is a major cost to the mining operator, so a detailed characterization of the waste material forms an essential part of the geological exploration program for
1280-584: Is recovered, reclamation can begin, to make the land used by the mine suitable for future use. Technical and economic challenges notwithstanding, successful mine development must also address human factors. Working conditions are paramount to success, especially with regard to exposures to dusts, radiation, noise, explosives hazards, and vibration, as well as illumination standards. Mining today increasingly must address environmental and community impacts, including psychological and sociological dimensions. Thus, mining educator Frank T. M. White (1909–1971), broadened
1360-656: Is the largest producer of diamonds in Africa, with an estimated 12 million carats in 2019. Other types of mining reserves in Africa include cobalt , bauxite , iron ore , coal, and copper . Gold and coal mining started in Australia and New Zealand in the 19th century. Nickel has become important in the economy of New Caledonia . In Fiji , in 1934, the Emperor Gold Mining Company Ltd. established operations at Vatukoula , followed in 1935 by
1440-471: Is the tallest in Zimbabwe standing at a height of 394 feet (120 m) with 28 floors above ground. The Reserve Bank of Zimbabwe Act provides for a board of directors and a governor . The governor, assisted by three deputy governors, is responsible for the day-to-day administration and operations of the bank. The current governor is John Mushayavanhu . The governor and his three deputies are appointed by
1520-423: Is to conduct a feasibility study to evaluate the financial viability, the technical and financial risks, and the robustness of the project. This is when the mining company makes the decision whether to develop the mine or to walk away from the project. This includes mine planning to evaluate the economically recoverable portion of the deposit, the metallurgy and ore recoverability, marketability and payability of
1600-419: Is used in mining to explore and develop sites, to remove and stockpile overburden, to break and remove rocks of various hardness and toughness, to process the ore, and to carry out reclamation projects after the mine is closed. Bulldozers, drills, explosives and trucks are all necessary for excavating the land. In the case of placer mining , unconsolidated gravel, or alluvium , is fed into machinery consisting of
1680-521: The Greek author Diodorus Siculus , who mentions fire-setting as one method used to break down the hard rock holding the gold . One of the complexes is shown in one of the earliest known mining maps. The miners crushed the ore and ground it to a fine powder before washing the powder for the gold dust known as the dry and wet attachment processes. Mining in Europe has a very long history. Examples include
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#17328013727841760-517: The argentiferous galena in the mines of Cartagena ( Cartago Nova ), Linares ( Castulo ), Plasenzuela and Azuaga , among many others. Spain was one of the most important mining regions, but all regions of the Roman Empire were exploited. In Great Britain the natives had mined minerals for millennia , but after the Roman conquest , the scale of the operations increased dramatically, as
1840-836: The greenstone of the Langdale axe industry based in the English Lake District . The oldest-known mine on archaeological record is the Ngwenya Mine in Eswatini (Swaziland) , which radiocarbon dating shows to be about 43,000 years old. At this site Paleolithic humans mined hematite to make the red pigment ochre . Mines of a similar age in Hungary are believed to be sites where Neanderthals may have mined flint for weapons and tools. Ancient Egyptians mined malachite at Maadi . At first, Egyptians used
1920-509: The 21st century begins, a globalized mining industry of large multinational corporations has arisen. Peak minerals and environmental impacts have also become a concern. Different elements, particularly rare-earth minerals , have begun to increase in demand as a result of new technologies. In 2023, 8.5 billion metric tons of coal were extracted from the Earth's crust. However, as the global economy transitions away from fossil fuels and toward
2000-680: The 7th century to the 14th century. Gold was often traded to Mediterranean economies that demanded gold and could supply salt , even though much of Africa was abundant with salt due to the mines and resources in the Sahara desert . The trading of gold for salt was mostly used to promote trade between the different economies. Since the Great Trek in the 19th century, after, gold and diamond mining in Southern Africa has had major political and economic impacts. The Democratic Republic of Congo
2080-675: The French crown to operate mines in 1733, becoming "the first practical miner on Lake Superior"; seven years later, mining was halted by an outbreak between Sioux and Chippewa tribes. Mining in the United States became widespread in the 19th century, and the United States Congress passed the General Mining Act of 1872 to encourage mining of federal lands. As with the California Gold Rush in
2160-643: The Loloma Gold Mines, N.L., and then by Fiji Mines Development Ltd. (aka Dolphin Mines Ltd.). These developments ushered in a “mining boom”, with gold production rising more than a hundred-fold, from 931.4 oz in 1934 to 107,788.5 oz in 1939, an order of magnitude then comparable to the combined output of New Zealand and Australia's eastern states. During prehistoric times, early Americans mined large amounts of copper along Lake Superior 's Keweenaw Peninsula and in nearby Isle Royale ; metallic copper
2240-481: The Romans needed Britannia 's resources, especially gold , silver , tin , and lead . Roman techniques were not limited to surface mining. They followed the ore veins underground once opencast mining was no longer feasible. At Dolaucothi they stoped out the veins and drove adits through bare rock to drain the stopes. The same adits were also used to ventilate the workings, especially important when fire-setting
2320-784: The Southern Rhodesia Coinage and Currency Act of 1932. The Reserve Bank of Rhodesia (which became the Reserve Bank of Zimbabwe at independence in 1980) has continued to function, and has grown in operations and staff, through a variety of changes in sovereignty and governmental structure in Rhodesia and Zimbabwe. For over 4 decades the RBZ operated from the Reserve Bank Building along Samora Machel Avenue (formerly Jameson Avenue) adjacent to First Street. In
2400-598: The Spanish to pulverize ore after being mined. This device was powered by animals and used the same principles used for grain threshing . Much of the knowledge of medieval mining techniques comes from books such as Biringuccio 's De la pirotechnia and probably most importantly from Georg Agricola 's De re metallica (1556). These books detail many different mining methods used in German and Saxon mines. A prime issue in medieval mines, which Agricola explains in detail,
2480-756: The Umm el-Sawwan site; gypsum was used to make funerary items for private tombs. Other minerals mined in Egypt from the Old Kingdom (2649-2134 BC) until the Roman Period (30 BC-AD 395) including granite , sandstone , limestone , basalt , travertine , gneiss , galena , and amethyst . Mining in Egypt occurred in the earliest dynasties. The gold mines of Nubia were among the largest and most extensive of any in Ancient Egypt. These mines are described by
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2560-496: The bank's website, as the only producer of Zimbabwe's bank notes and coins, it regulates the amount of money in circulation. However, since a range of foreign currencies is currently in use for domestic transactions, the bank's ability to control money supply is limited. The Reserve Bank also looks after the country's gold, as well as purchase and refine precious minerals like diamonds, gold and silver through its subsidiary Fidelity Printers and Refinery . The bank serves as an advisor to
2640-624: The beginning of civilization, people have used stone , clay and, later, metals found close to the Earth's surface. These were used to make early tools and weapons; for example, high quality flint found in northern France , southern England and Poland was used to create flint tools . Flint mines have been found in chalk areas where seams of the stone were followed underground by shafts and galleries. The mines at Grimes Graves and Krzemionki are especially famous, and like most other flint mines, are Neolithic in origin (c. 4000–3000 BC). Other hard rocks mined or collected for axes included
2720-528: The bright green malachite stones for ornamentations and pottery . Later, between 2613 and 2494 BC, large building projects required expeditions abroad to the area of Wadi Maghareh in order to secure minerals and other resources not available in Egypt itself. Quarries for turquoise and copper were also found at Wadi Hammamat , Tura , Aswan and various other Nubian sites on the Sinai Peninsula and at Timna . Quarries for gypsum were found at
2800-748: The collapse of the Federation of Rhodesia and Nyasaland in 1963. Prior to 1956, there was a Central African Currency Board from 1953, but which had been established as the Southern Rhodesia Currency Board in 1938 to provide Rhodesian currency, fully backed and bound to the British pound sterling at par face value. The local currency which Central African Currency Board was mandated to supply to Southern Rhodesia (colonial Zimbabwe), Northern Rhodesia (colonial Zambia ) and Nyasaland (colonial Malawi ) had been established through
2880-603: The company received a $ 10 million dollar loan to pay for operations while the company sought restart funding. In 2012, after it was closed, BNC stated that it would again begin underground operations at Trojan Nickel Mine. In 2012, China International Mining Group Corporation spent $ 21 million to recapitalise BNC. A $ 43.7 million impairment charge for Bindura Nickel Corporation’s operations in Zimbabwe resulted in huge losses for its parent company, Mwana Africa in 2013. The losses totaled $ 42.5 million, more than $ 35 million more than
2960-413: The company was in the red, with assets of $ 28 million and liabilities totaling $ 32.7 million. At that point, the smelter restart project at Bindura had been suspended due to funding constraints, and was 83% complete. At that time, the company pointed to hobbling power costs in Zimbabwe, and was pressing the government for a "standstill on electricity costs in order to keep the industry viable." In 2019, BNC
3040-417: The cutter-head is progressively launched further into the coal seam. High wall mining can produce thousands of tons of coal in contour-strip operations with narrow benches, previously mined areas, trench mine applications and steep-dip seams. Sub-surface mining consists of digging tunnels or shafts into the earth to reach buried ore deposits. Ore, for processing, and waste rock, for disposal, are brought to
3120-698: The focus to the “total environment of mining”, including reference to community development around mining, and how mining is portrayed to an urban society, which depends on the industry, although seemingly unaware of this dependency. He stated, “[I]n the past, mining engineers have not been called upon to study the psychological, sociological and personal problems of their own industry – aspects that nowadays are assuming tremendous importance. The mining engineer must rapidly expand his knowledge and his influence into these newer fields.” Mining techniques can be divided into two common excavation types: surface mining and sub-surface (underground) mining . Today, surface mining
3200-487: The form of water mills was extensive. The water mills were employed in crushing ore, raising ore from shafts, and ventilating galleries by powering giant bellows . Black powder was first used in mining in Selmecbánya , Kingdom of Hungary (now Banská Štiavnica , Slovakia) in 1627. Black powder allowed blasting of rock and earth to loosen and reveal ore veins. Blasting was much faster than fire-setting and allowed
3280-489: The government, providing the government with daily banking services. It is also active in promoting financial inclusion policy and is a member of the Alliance for Financial Inclusion . Due to the unstable economic conditions and failure to control inflation (2008), economists have suggested that the Reserve Bank be abolished. Some economists have suggested that the Reserve Bank of Zimbabwe be reformed. Legislation in 2008
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3360-400: The growing importance of sustainable metal extraction practices. The process of mining from discovery of an ore body through extraction of minerals and finally to returning the land to its natural state consists of several distinct steps. The first is discovery of the ore body, which is carried out through prospecting or exploration to find and then define the extent, location and value of
3440-472: The late 1980s a competition was conducted to design the new building and the winning design was by Clinton & Evans and Architects, the engineer was Marjem Chatterton ; they went on to design the Reserve Bank of Malawi Building as well. Construction of the new RBZ building began in 1993 and was fully completed in 1997, but was officially opened by President Robert Mugabe on May 31, 1996. The building
3520-666: The majority share of BNC from Anglo American Corporation, owning about 75%. BNC's debts subsequently went over $ 31 million. After the murder of BNC's chairman Leonard Chimimba in May 2006, there were media reports speculating foul play by the Botswana government. BNC hired an investigation firm in South Africa, and said there was "nothing unusual" about his death in a carjacking. After a plunge in nickel prices, in 2008 BNC began operating on "care and maintenance," i.e. sans production. At
3600-535: The metals due to the difficulties of transporting them, but the copper was eventually traded throughout the continent along major river routes. In the early colonial history of the Americas, "native gold and silver was quickly expropriated and sent back to Spain in fleets of gold- and silver-laden galleons", the gold and silver originating mostly from mines in Central and South America. Turquoise dated at 700 AD
3680-768: The mid-19th century, mining for minerals and precious metals, along with ranching , became a driving factor in the U.S. Westward Expansion to the Pacific coast. With the exploration of the West, mining camps sprang up and "expressed a distinctive spirit, an enduring legacy to the new nation"; Gold Rushers would experience the same problems as the Land Rushers of the transient West that preceded them. Aided by railroads, many people traveled West for work opportunities in mining. Western cities such as Denver and Sacramento originated as mining towns. When new areas were explored, it
3760-497: The mid-sixteenth century. On the continent, mineral deposits belonged to the crown, and this regalian right was stoutly maintained. But in England, royal mining rights were restricted to gold and silver (of which England had virtually no deposits) by a judicial decision of 1568 and a law in 1688. England had iron , zinc , copper , lead , and tin ores. Landlords who owned the base metals and coal under their estates then had
3840-582: The mine re-opens. Employees who were retrenched received a stipend of $ 50 a month. Given that many employees have families, many left the mines with no compensation and have since struggled to make a living with very little consequence to the company. Mwana was considering delisting BNC from the Zimbabwe Stock Exchange in 2009, as it sought to raised up to $ 150 million to restart operations in Bindura under CEO Kalaa Mpinga. In September 2011,
3920-432: The minehead, where the water was stored in large reservoirs and tanks. When a full tank was opened, the flood of water sluiced away the overburden to expose the bedrock underneath and any gold-bearing veins. The rock was then worked by fire-setting to heat the rock, which would be quenched with a stream of water. The resulting thermal shock cracked the rock, enabling it to be removed by further streams of water from
4000-511: The mineral-rich material and extract the desired compounds and metals from the ore. Reserve Bank of Zimbabwe The Reserve Bank of Zimbabwe is the central bank of Zimbabwe and is headquartered in Harare . The bank traces its history to the Reserve Bank of Rhodesia , founded on 22 May 1964, but which succeeded the Bank of Rhodesia and Nyasaland (1956-1963) which had been liquidated at
4080-431: The mining of previously impenetrable metals and ores. In 1762, one of the world's first mining academies was established in the same town there. The widespread adoption of agricultural innovations such as the iron plowshare , as well as the growing use of metal as a building material, was also a driving force in the tremendous growth of the iron industry during this period. Inventions like the arrastra were often used by
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#17328013727844160-405: The ore body. This leads to a mathematical resource estimation to estimate the size and grade of the deposit. This estimation is used to conduct a pre-feasibility study to determine the theoretical economics of the ore deposit. This identifies, early on, whether further investment in estimation and engineering studies is warranted and identifies key risks and areas for further work. The next step
4240-462: The ore concentrates, engineering concerns, milling and infrastructure costs, finance and equity requirements, and an analysis of the proposed mine from the initial excavation all the way through to reclamation. The proportion of a deposit that is economically recoverable is dependent on the enrichment factor of the ore in the area. To gain access to the mineral deposit within an area it is often necessary to mine through or remove waste material which
4320-442: The ore, lower wages, decreased occupational safety, benefits, and health standards for miners, and a lack of environmental protection measures. Artisanal miners often undertake the activity of mining seasonally. For example, crops are planted in the rainy season , and mining is pursued in the dry season . However, they also frequently travel to mining areas and work year-round. There are four broad types of ASM: Surface mining
4400-570: The overhead tanks. The Roman miners used similar methods to work cassiterite deposits in Cornwall and lead ore in the Pennines . Sluicing methods were developed by the Romans in Spain in 25 AD to exploit large alluvial gold deposits, the largest site being at Las Medulas , where seven long aqueducts tapped local rivers and sluiced the deposits. The Romans also exploited the silver present in
4480-509: The president for five-year terms that may be renewed. The governor also serves as chairman of the board . The board's membership includes the three deputies and a maximum of seven other non-executive directors, intended to represent key sectors of the economy. The Governor is appointed by the President of Zimbabwe for two renewable five-year-terms. The Reserve Bank's most important role is to create and enact monetary policies. According to
4560-484: The previous year. At the time, the CEO of BNC was Kalaa Mpinga. Prior to the impairment, the company had shown its first profit since 2007, with revenues in 2013 of $ 109 million. In 2013, Mpinga stated that a plan to develop Bindura's " refinery and smelter at Mwana's nickel operations" would be enacted by 2014. The mine and plant had been put on hold in 2008 due to weak nickel prices, but had been restarted in 2012. BNC in 2014
4640-430: The profit potential of a proposed mine, extraction of the desired materials, and final reclamation or restoration of the land after the mine is closed. Mining materials are often obtained from ore bodies, lodes , veins , seams , reefs , or placer deposits . The exploitation of these deposits for raw materials is dependent on investment, labor, energy, refining, and transportation cost. Mining operations can create
4720-431: The remaining part of a coal seam previously exploited by other surface-mining techniques has too much overburden to be removed but can still be profitably exploited from the side of the artificial cliff made by previous mining. A typical cycle alternates sumping, which undercuts the seam, and shearing, which raises and lowers the cutter-head boom to cut the entire height of the coal seam. As the coal recovery cycle continues,
4800-446: The shafts could no longer be pumped dry with the available technology. Although an increased use of banknotes , credit and copper coins during this period did decrease the value of, and dependence on, precious metals , gold and silver still remained vital to the story of medieval mining. Due to differences in the social structure of society, the increasing extraction of mineral deposits spread from central Europe to England in
4880-567: The silver mines of Laurium , which helped support the Greek city state of Athens . Although they had over 20,000 slaves working them, their technology was essentially identical to their Bronze Age predecessors. At other mines, such as on the island of Thassos , marble was quarried by the Parians after they arrived in the 7th century BC. The marble was shipped away and was later found by archaeologists to have been used in buildings including
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#17328013727844960-474: The surface through the tunnels and shafts. Sub-surface mining can be classified by the type of access shafts used, and the extraction method or the technique used to reach the mineral deposit. Drift mining uses horizontal access tunnels, slope mining uses diagonally sloping access shafts, and shaft mining uses vertical access shafts. Mining in hard and soft rock formations requires different techniques. Other methods include shrinkage stope mining , which
5040-461: The time of its shutdown, it was the only integrated nickel miner, smelter and refinery in Africa. The cost of resuming the Trojan mine was estimated at $ 50 million, and the Bindura complex at $ 150 million. Mwana owned 53% of the company. The shut down of BNC in 2008 resulted in many job losses without compensation and with employees being told not to look for other jobs as they would be reinstated once
5120-602: The tomb of Amphipolis. Philip II of Macedon , the father of Alexander the Great , captured the gold mines of Mount Pangeo in 357 BC to fund his military campaigns. He also captured gold mines in Thrace for minting coinage, eventually producing 26 tons per year. However, it was the Romans who developed large-scale mining methods, especially the use of large volumes of water brought to the minehead by numerous aqueducts . The water
5200-448: The top of a mountain off to reach ore deposits at depth. Most placer deposits, because they are shallowly buried, are mined by surface methods. Finally, landfill mining involves sites where landfills are excavated and processed. Landfill mining has been thought of as a long-term solution to methane emissions and local pollution. High wall mining, which evolved from auger mining, is another form of surface mining. In high wall mining,
5280-628: The top slats. Many examples of such devices have been found in old Roman mines and some examples are now preserved in the British Museum and the National Museum of Wales . Mining as an industry underwent dramatic changes in medieval Europe . The mining industry in the early Middle Ages was mainly focused on the extraction of copper and iron . Other precious metals were also used, mainly for gilding or coinage. Initially, many metals were obtained through open-pit mining , and ore
5360-469: The world's gold, followed by the establishment of large mines such as the Mount Morgan Mine , which ran for nearly a hundred years, Broken Hill ore deposit (one of the largest zinc-lead ore deposits), and the iron ore mines at Iron Knob . After declines in production, another boom in mining occurred in the 1960s. In the early 21st century, Australia remains a major world mineral producer. As
5440-474: The world, which was increasingly demanding copper for electrical and household goods. Canada's mining industry grew more slowly than did the United States due to limitations in transportation, capital, and U.S. competition; Ontario was the major producer of the early 20th century with nickel, copper, and gold. Meanwhile, Australia experienced the Australian gold rushes and by the 1850s was producing 40% of
5520-461: Was 75% owned by Mwana Africa in August 2015, with Kalaa Mpinga bidding to retain his position as BNC chairman despite being forced out of Mwana on June 10 after clashes with shareholders. In 2015, the company stopped its Trojan Mine restart program and re-deep project. The company continued a restructuring in 2015, firing 350 workers, with intent to reduce headcount by up to 1,150 people. Yat Hoi Ning
5600-504: Was evaluating takeover bids. In 2020, BNC was headed by CEO Batirai Manhando. The chairman is Muchadeyi Masunda. Mines Products include nickel , copper and cobalt . Smelter Mining Mining is the extraction of valuable geological materials and minerals from the surface of the Earth . Mining is required to obtain most materials that cannot be grown through agricultural processes , or feasibly created artificially in
5680-411: Was lobbying the Reserve Bank of Zimbabwe to change forex rules relating to mining companies. In 2019, it was saying that its Trojan Mine smelter would be operational by October 2020. The company had recently been acquired by Sotic International. In 2019, it was working on a feasibility study of a $ 200 million Hunters Road mine, which was estimated to have 200,000 tons of nickel. In September 2019, BNC
5760-628: Was mined in pre-Columbian America; in the Cerillos Mining District in New Mexico , an estimate of "about 15,000 tons of rock had been removed from Mt. Chalchihuitl using stone tools before 1700." In 1727 Louis Denys (Denis) (1675–1741), sieur de La Ronde – brother of Simon-Pierre Denys de Bonaventure and the son-in-law of René Chartier – took command of Fort La Pointe at Chequamegon Bay ; where natives informed him of an island of copper. La Ronde obtained permission from
5840-465: Was operating the Freda Rebecca gold mine in Zimbabwe. The mine was complying with a law newly enforced by Zimbabwe that required 51% of the company be held by black nationals of the country. The company was the best performer on the Zimbabwe Stock Exchange in 2014. After a dip in Bindura Nickel Corporation's share price in 2015, there were reports that the Zimbabwe Stock Exchange had struggled as
5920-576: Was primarily extracted from shallow depths, rather than through deep mine shafts. Around the 14th century , the growing use of weapons , armour , stirrups , and horseshoes greatly increased the demand for iron. Medieval knights , for example, were often laden with up to 100 pounds (45 kg) of plate or chain link armour in addition to swords , lances and other weapons. The overwhelming dependency on iron for military purposes spurred iron production and extraction processes. The silver crisis of 1465 occurred when all mines had reached depths at which
6000-518: Was serving as executive chairman. In 2016, the company cut production costs, increasing gross production and increasing profit by 261%. The following year, their Trojan mine smelter was stalled over a lack of funding. At the time, it was still Africa's only integrated nickel producer. After 2017, Chinese group ASA Resources Group said it was selling its stake in Bindura Nickel Corporation. At the time, ASA operated Trojan Nickel Mine through BNC. In January 2017, Asa Resources owned 76% of BNC. By July 2018,
6080-406: Was still present near the surface in colonial times. Indigenous peoples used Lake Superior copper from at least 5,000 years ago; copper tools, arrowheads, and other artifacts that were part of an extensive native trade-network have been discovered. In addition, obsidian , flint , and other minerals were mined, worked, and traded. Early French explorers who encountered the sites made no use of
6160-411: Was the removal of water from mining shafts. As miners dug deeper to access new veins, flooding became a very real obstacle. The mining industry became dramatically more efficient and prosperous with the invention of mechanically- and animal-driven pumps. Iron metallurgy in Africa dates back over four thousand years. Gold became an important commodity for Africa during the trans-Saharan gold trade from
6240-403: Was used for a variety of purposes, including removing overburden and rock debris, called hydraulic mining , as well as washing comminuted , or crushed, ores and driving simple machinery. The Romans used hydraulic mining methods on a large scale to prospect for the veins of ore, especially using a now-obsolete form of mining known as hushing . They built numerous aqueducts to supply water to
6320-465: Was used. At other parts of the site, they penetrated the water table and dewatered the mines using several kinds of machines, especially reverse overshot water-wheels . These were used extensively in the copper mines at Rio Tinto in Spain, where one sequence comprised 16 such wheels arranged in pairs, and lifting water about 24 metres (79 ft). They were worked as treadmills with miners standing on
6400-539: Was usually the gold ( placer and then lode ) and then silver that were taken into possession and extracted first. Other metals would often wait for railroads or canals, as coarse gold dust and nuggets do not require smelting and are easy to identify and transport. In the early 20th century, the gold and silver rush to the western United States also stimulated mining for coal as well as base metals such as copper, lead, and iron. Areas in modern Montana, Utah, Arizona, and later Alaska became predominant suppliers of copper to
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