BINDURA Nickel Corporation staff and creditors now hold a combined 31,74 percent in the group after the successful placement of 384 million shares as part of back pay, retrenchment and liability settlement plan. The group announced a creditor and staff share placing last week, which marks the conclusion of a recapitalisation and restructuring process for the company and sets the platform for the restart of its Trojan Nickel Mine based in Bindura.
This placement is the culmination of a difficult route the nickel miner has had to travel over the last few years. BNC's operations were frozen in late 2008.
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