Asa sells off BNC

Asa Resources has concluded the sale of its controlling interest in Bindura Nickel Corporation (BNC), the country’s largest nickel producer said in a statement yesterday.
BNC said the buyer of Asa’s controlling 74,13% stake is “a Zimbabwean based mining entity with interests in the mining and production of ferrous metals, non-ferrous metals and precious metals”.

While BNC does not disclose the buyer, reports have suggested that one of the leading bidders was Sotic International, a company linked to businessman Kuda Tagwireyi, who already holds interests in Africa Chrome Fields and has been involved in bids for ferrochrome producer Zimbabwe Alloys.

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