A diversified portfolio
Segmenting assets, diversifying geographically and operationally integrating resources underpin our strategy. Long term, we aim to offer individual exposure to gold, nickel, copper and diamonds, or multi-commodity at the group level. Agribusiness allows us to earn income from our vast land bank and supports local communities.
Freda Rebecca in Zimbabwe has a gold resource of 2.3m ounces with an average grade of 2.18g/t. Its resource was upgraded to JORC compliant in September 2016. Zani Kodo in DRC is a gold exploration project with a gold JORC resource of 2.97m ounces with grades ranging 2.43 g/t to over 3.0 g/t.
BNC’s Trojan nickel mine has a JORC compliant measured, indicated and inferred resource size of 1,050,555 tonnes of massive ores at a grade of 5.77% and 5,395,385 tonnes of disseminated ore at a grade of 0.83%. BNC is the only fully integrated nickel producer in Africa.
The Group has an interest in three diamond assets in Africa. Of these, Klipspringer Diamond mine in South Africa is our only income producing operation and its underground mine has a measured, indicated and inferred resource size of gross 1,630,000 carats of contained diamonds. Both Société Minière de Bakwanga (MIBA) in DRC and Camafuca in Angola are exploration projects.
Copper licences are divided into two entities that cover about 4,721 km² of world-class copper mineralisation zones in the Katanga Province of DRC. SEMHKAT is a wholly owned stake in five copper licences with a JORC compliant resource of 210,058 tonnes of contained copper (grade 0.8%). Separately we hold a 38% non-dilutable stake in 27 licences in a joint venture with Zhejiang Hailiang, the largest copper tube manufacturer in the world.