Tuesday, July 3, 2007

Mwana sets nickel production target, shares rise

(Reuters) - Africa-focused miner Mwana Africa Plc set a new production target for a Zimbabwe nickel mine on Tuesday, sending its shares higher.

Chief Executive Kalaa Mpinga said the firm's fledgling Zimbabwe nickel project Hunters Road was expected to produce 2,500 tonnes of nickel annually by the end of 2008, whereas in its results statement two weeks ago it said a feasibility study was still being completed.


Read more at Reuters Africa

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