Mining Nerds



Mwana Africa PLC

Ticker: MWA : AIM Description: Mwana Africa Plc, a resource company, engages in the production, exploration, and development of precious mineral properties. The company holds interests in gold exploration licenses covering approximately 13,000 km2 and containing copper, zinc, cobalt, and gold and diamond production with mining and exploration titles approximately 45,000km2. Mwana Africa also has interests in Konongo property covering 330 square kilometers located at the north eastern extent of the Ashanti gold belt in central Ghana; Banka concession, which lies 50 km to the south of the Konongo concession; and Ahanta project that lies at the southern limit of the Ashanti gold belt, as well as the Freda Rebecca Mine located near Bindura, approximately 90km north east of Harare, Zimbabwe. The company, through Bindura Nickel Corporation, operates two nickel mines, Shangani that is 100 km from Bulawayo on the Harare road; and Trojan, which is near the town of Bindura, approximately 100km north east of Harare. In addition, the company has 20% interest in Société Minière de Bakwanga, a diamond producer in the Democratic Republic of Congo. Further, Mwana Africa has a joint venture agreement with Energy Equity Resources Limited to develop oil and gas exploration and production assets in Africa. The company was founded in 2003 and is based in London, the United Kingdom.
Shares (mm): 247.9
Market Cap (mm): $12.9
Cash Flow (mm): $15.7
Cash (mm): $47.7
Last Price: $0.05
$ Change:-0.0103975
% Change: -16.6
Volume: 82,345
Website: www.mwanaafrica.com
Google Finance: http://finance.google.com/finance?q=MWA.L&hl=en
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