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Thursday, June 29, 2006

Albindon and Africa’s Largest Nickel Mine

Albindon Limited is a metal mining and exploration company largely interested nickel. Albidon has just doubled its resource estimate of its new prospect at Munali Project up from 49,000 to 97,000 tonnes of contained nickel metal. But the project is more robust... The Munali nickel deposit also contains over 223,000 ounces of platinum group of metals.

Albidon managing director Dale Rogers announced in the 2005 annual report that several key milestones were achieved including the bankable feasibility study (BFS) for the development of the enterprise at Munali near Mazabuka about 65 kms south of Lusaka, Zambia’s capital city.

Rogers was thrilled, “This is an outstanding achievement and establishes the enterprise as one of the most substantial undeveloped nickel sulphide deposit in the world.”

The development of the mine will include a concentrator but the smelting will be sources abroad. Interested would be partners are from Africa, Asia, Australia and Europe.

But what is Albidon’s policy? To confine its activities to countries that have satisfactory infrastructure, political stability and attractive fiscal regimes in addition to the demonstrated geological prospectivity. Zambia fits that bill like a hand in a glove.


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