Mwana Africa seeks to raise USD 26 million
It is reported that, Mwana Africa Plc, the Namibian based Pan African mining group, a neighbor with Zambia seeks to raise USD 26 million needed to finance the phased restart of its Zimbabwean based Bindura Nickel Corporation.
Mwana Africa Plc, formerly African Gold Plc, said full-year pretax loss widened nearly eight-fold on impairment charges, as weak commodity prices led the mining firm to scale back and cease certain exploration activities, driving its shares down as much as 38 percent.