NICKEL producer, Bindura Nickel Corporation says sales increased 53 percent to 2 852,17 tonnes in the first five months of the year compared to 1 864 tonnes sold in the same period last year. In the period to June 30, 2016, Trojan Mine produced 97 689 tonnes of ore and milled 101 433 tonnes.The mine has an estimated 6,410 million tonnes of ore reserves, an average grade of 1,61 percent and life of mine of about nine years.
Average nickel price for the quarter was $5 728 per tonne, which was 3 percent higher than the average price of $5 520 per tonne which was realised during the quarter to March 30.
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