Objectives and Strategy
Objectives:
Albidon's key objective is to maximise return and value for shareholders. The Company intends to achieve this by operating responsibly in the interests of all stakeholders, large and small, and by building a profitable international mining company with continued commitment to exploration and new business development.
Strategy:
Our strategy is to continue to create value through project development, exploration, acquisition, including joint venture partnerships and strategic investments.
The Company will continue to exploit its competitive advantage in nickel across Africa, without being constrained by it. We will look to take advantage of good quality investments and opportunities providing further diversification by geography and commodity. Maintaining a strong project pipeline is essential to achieving organic growth of the Company. Evaluation of opportunities will include international merger and acquisition activity given our current status already as a nickel producer. Albidon will seek opportunities for project acquisitions or corporate mergers which will provide investment in cost competitive projects.
Growth will also be achieved through future expansion of Munali operations and nickel exploration within the tenements in Zambia as well as in Songea, Tanzania. We will be looking at expansion plans for Munali, including expansion of the plant and current resources and reserves.
We continue to derive strategic advantage from our proprietary geoscientific database and place priority on utilising the latest exploration technology. In addition, we will be working closely with our major shareholder, Jinchuan Group Limited (JNMC), to seek new merging and acquisition opportunities in nickel, copper and PGM as well as continuing to work with our joint venture partner to advance the Chirundu uranium joint venture in Zambia. We are also looking for new partners which fit in with our strategic growth plans.
