Mabiza Resources Limited (“Mabiza”) operates the Munali Nickel Mine (“Munali”), which is located in the Mazabuka District, 75kms south of Lusaka, Zambia. Mabiza is a wholly owned entity of Consolidated Nickel Mines Ltd ("CNM"). The Mine is a modern, world-class facility with fully mechanized underground operations.
Strengthened by a new management team with proven operational experience in Africa, the mine has been fully de-risked including all permits, environment and safety, and supply of water and electricity.
Munali is now in its third year of continuous operations and exporting high grade +12.5% Ni concentrate. Offtake agreements are in place and production ramp-up hit targets, producing 2,760t Ni metal in 2020, 3,672t Ni metal in 2021 and 3,946t Ni metal in 2022 (unreconciled). Munali’s production target is to produce 4,139t Ni in 2023 at average grades of +12% Ni concentrate.
CNM is implementing further concentrator optimisations including a dedicated Cu/PGM circuit and float automation to improve recoveries. Longer-term, further value-add may be achieved by nickel sulphate or nickel metal production which attracts a premium. In addition, CNM will continue to identify and secure other assets to further diversify their portfolio with a potential IPO listing on the cards in the next 12-18 months.
Our vision is to be a highly respected, world-class nickel mining company, striving for performance excellence at our operations. We are committed to zero harm and the delivery of excellent value to our partner communities, investors, employees and other stakeholders. We are a proudly Zambian operator that cares and demands integrity in all that we do.
In all our business dealings, we strive to exhibit a standard of behaviour that reflects our core values:
Leadership — we believe that each individual is a frontrunner only when they provide direction and guidance.
Accountability — We are responsible for all our actions and conduct at all times.
Excellence — We work to achieve brilliant results at all times.
Quality — We work to achieve high-value output and avoid waste.
Respect — We treat and uphold in high esteem all persons regardless of race, religion, age, or gender.
Integrity — We mean what we say.
Teamwork — We work together and support each other to deliver successful results.
Open Communication — We are approachable and transparent in all our dealings.
All members of management and people with a leadership role at the company will:
Diligently apply themselves to the objectives agreed for the proper performance of their duties.
Ensure that instructions and necessary training are given to subordinates and organize work so that employee’s abilities are fully utilized.
Agree clear objectives, expect and demand excellent work performance.
Set up communications so that the Company’s objectives and goals are understood, together with progress towards their attainment.
Be honest about performance appraisals and promotional prospects.
Enable regular opportunities for the discussion of problems or grievances of any nature, in a healthy and constructive manner.
Frank joined CNM in May 2023. He is a mining engineer and brings with him more than 30 years’ experience in the mining industry. Prior to joining CNM, he was the Senior Vice President of the Brazil region with AngloGold Ashanti. He has also held executive and senior leadership positions at Konkola Copper Mines, Uranium One, and several large South African operations with Lonmin Platinum and AngloGold Ashanti.
Michael joined Mabiza in November 2019. He is a qualified Metallurgical Engineer with over 24 years' experience within the nickel, copper, cobalt, and diamond mining industries. Prior to being appointed General manager, Michael served as Process Plant Manager for Mabiza under which he optimized both the plant and was instrumental in producing a premium nickel concentrate product and ramped up production to nameplate targets.
He worked in similar management roles in Botswana, Lesotho, DRC, and SA and has been exposed to sound understanding of metallurgical plants in operational, technical, and asset management skills.
Michael holds a BSc in Metallurgy and Mineral Processing and an MBA. He is a professional registered Engineer with Engineers Registration of Botswana and Zambia, a Member of the SAIMM, and has a strong passion to develop local engineers and produce winning teams.
Valentine is one of the leading Business Figures in Zambia, with extensive experience through-out Africa in a range of commodities. He is a qualified chartered accountant with a Masters degree in Economics, Finance and Politics of Development from Cambridge University. Valentine has served on several Equity Fund Boards both private and listed, as well as the boards of MTN Zambia and Zambian Breweries. He has been an invaluable member of the Mabiza team since 2015.
Peter is a professional Mining Engineer from Copperbelt University with over 30 years’ experience in the mining industry. He joined Mabiza Resources Limited in February 2020 as Mine Manager.
Peter is a go-getter whose background includes both technical development and operational roles. With vast experience in mines across Africa and India, Peter has worked with Konkola Copper Mines and Mopani Copper Mines in Zambia and Glencore in the Democratic Republic of Congo and Burkina Faso, where he served as Operations Manager.
Mabiza has developed a set of Company Policies to guide all employees, suppliers, partners and stakeholders on the Companies objectives and how Mabiza is committed to operating. These are included below for reference.
