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Zimbabwe

Trojan Mine

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Trojan Mine

Location: 5 km SW from Bindura, Zimbabwe

Address:

No 1 Trojan Mine Road
Bindura
Zimbabwe

Contacts:

Additional Resources for Suppliers & Investors

Categories

Overview

Mine TypeUnderground
StatusCare and Maintenance
Commodities
  • Nickel
Mining Method
  • Sub-level caving
Production Start... Lock
Mine Life... Lock
SnapshotThe Sub-Vertical Rock (“SVR”) Winder Bull Gear Replacement Project, which necessitated a transient shutdown of Trojan Nickel Mine, from 22 September 2023, was completed on 12 April 2024.

However, despite the completion of the SVR Project, the Bindura Nickel Corporation (BNC) continues to face several constraints.

Due to protracted operational challenges, BNC could not timeously extinguish its debts, including those owed to the Government of Zimbabwe, which issued a Reconstruction Order against Trojan Nickel Mine Limited, a wholly owned subsidiary of BNC. The Reconstruction Order, which took effect on 2 May 2024, was issued in terms of the Reconstruction of State-Indebted Insolvent Companies Act of Zimbabwe.

Owners

SourceSource
CompanyInterestOwnership
Kuvimba Mining House (Pvt) Ltd. 71.74 % Indirect
Trojan Nickel Mine Limited (operator) 100 % Direct
The Trojan nickel mine is owned and operated by Trojan Nickel Mine Ltd, 100% subsidiary of Bindura Nickel Corporation (BNC).

The BNC is owned in majority (71.74%) by Kuvimba Mining House (Pvt) Ltd.

Due to protracted operational challenges, BNC could not timeously extinguish its debts, including those owed to the Government of Zimbabwe, which issued a Reconstruction Order against Trojan Nickel Mine Ltd (took effect on 2 May 2024).

The Reconstruction Order effectively placed BNC under administration and Ms. Mutsa MJ Remba was duly appointed as the Administrator of the Company, with sole powers to run the affairs of the Company. From 6 May 2024 the trading of BNC securities was suspended by the VFEX Listings Committee.

The Administrator is working on initiatives to meet the requirements of the Reconstruction Act, which include conducting investigations into the operations and finances of the business to recommend the most suitable resuscitation plan going forward.

Contractors

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SourceSource

Deposit type

  • Metamorphic

Summary:

The nickel sulphide deposit at Trojan Mine occurs within a pile of ultramafic lavas subjected to a lower amphibolite grade of metamorphism and are characterised by lensoidal bodies of serpentinite. The lavas form part of the Upper Greenstones (Bulawayan Group) of the Mazowe greenstone belt. The serpentinite bodies are separated from each other by cherts, BIFs, graphitic shales and felsic volcanics. The footwall and hanging wall of the nickel bearing serpentinites are formed by komatiitic and tholeiitic basalts. A doleritic dyke cuts through the serpentinites and displays nickel sulphide along its sheared contact. The regional setting and deformation of the Harare-Bindura schist belt with thrusting and doming of the Chinamora batholith has given rise to the deformation imprint observed in host rocks at the mine. The general strike of the ore bodies is east–west and dip steeply (75° to 85°) to the north and this is controlled by the regional foliation trend. The two major ore bodies are the Main Orebody and the Hanging Wall Orebody. The massive and near massive ores occupy a narrow and discontinuous zone along the footwall of the Main Orebody and this is called the Footwall Massive Orebody. The Main Orebody is the largest, and averages 250m long and 30m wide. There are other smaller ore bodies such as Trojan Hill, Cardiff East and Cardiff Far East, with dimensions of 100m x 15m and 200m x 15m respectively. Drilling has outlined the Main Orebody to a depth of 1180m below surface. Approximately 300m of longhole drilling is still planned to increase the confidence in the geometry of the Main Orebody at depth, and reduce the variation on estimation of grade, for the current shaft deepening programme.

Three types of nickel sulphide ore are found at Trojan Mine, namely: massive ore, near massive ore and disseminated ore, whose main sulphide minerals are pyrrhotite, pentlandite and chalcopyrite, with pyrrhotite being the most abundant. Minor amount of millerite and pyrite are also present. The massive and near massive ores are situated towards the base of the ultramafic units and are overlain by the disseminated ore. The main and hanging wall orebodies contain all three types of mineralisation.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

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Processing

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Production

FY 2024 (April 1, 2023 - March 31, 2024): Production data is presented from April 1, 2023 to September 22, 2023. Production at the Trojan mine was suspended on September 22, 2023.
CommodityUnits2024202320222021202020192018201720162015
Nickel t  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe6,2896,6206,7626,6217,306
All production numbers are expressed as metal in concentrate.

Operational metrics

Metrics2024202320222021202020192018201720162015
Ore tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe444,240 t378,824 t432,843 t410,423 t599,572 t
Tonnes milled  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe443,876 t390,211 t440,619 t440,449 t598,766 t
Annual milling capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe

Production Costs

CommodityUnits2023202220212020201920182017
All-in sustaining costs (AISC) Nickel USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 6,610 / t   6,289 / t   5,627 / t  
C1 cash costs Nickel USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 6,652 / t   5,838 / t   5,367 / t  
C2 total cash costs Nickel USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 7,324 / t  

Financials

Units2023202220212020201920182017
Revenue M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 54   53.6   45.1  
Gross profit M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 13.7   18.9   14  

Heavy Mobile Equipment

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Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Aug 25, 2024
....................... Subscription required ....................... Subscription required Subscription required Aug 25, 2024
....................... Subscription required ....................... Subscription required Subscription required Aug 25, 2024
....................... Subscription required ....................... Subscription required Subscription required Aug 25, 2024
....................... Subscription required ....................... Subscription required Subscription required Aug 25, 2024

EmployeesContractorsTotal WorkforceYear
...... Subscription required ...... Subscription required ...... Subscription required 2023
...... Subscription required ...... Subscription required ...... Subscription required 2022
...... Subscription required ...... Subscription required ...... Subscription required 2021
...... Subscription required 2020

Aerial view:

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