Bisha mine Archives

SANY Delivers Dump Trucks to Eritrea Mine

September 2, 2020September 2, 2020TesfaNewsLeave a Comment

BY SANY On July 23, Eritrean mining giant Bisha Mining Share Company (BISHA) took delivery of nine SRT95C dump trucks it ordered earlier this year from SANY.

Canada Court Rules Nevsun Can be Sued in Canada for Alleged Abuses Abroad

February 28, 2020February 28, 2020TesfaNewsLeave a Comment

The Supreme court did not settle the merits of the plaintiff’s claims. But it gave the green light for a case against Nevsun to be tried in a B.C. court. BY TESFANEWS * The Supreme Court of Canada has ruled that Canadian mining company Nevsun Resources Ltd. can be sued in a Canadian court for […]

Eritrea Needs Modern Preventative Maintenance Program for its Mining and Transport Industries

February 25, 2019February 26, 2019TesfaNewsLeave a Comment

BY THOMAS C MOUNTAIN Eritrea needs a modern preventative maintenance (P.M.) program for its mining and transport industries. To understand how preventing sudden machine failure during operations is the largest preventable expense in mining and transportation one must understand how machines work.

Eritrea Needs Training for its Drivers, Operators and Technicians

January 11, 2019January 11, 2019TesfaNewsLeave a Comment

BY THOMAS C MOUNTAIN Eritrea needs training for its drivers, operators, and technicians. A good example of this is in its new mining ore transport industry. Today Eritrea is running upwards of 200 trucks delivering zinc [and copper] ore concentrate from the Bisha mine in Gash Barka to the ore loading terminal at the port […]

Zijin Mining Succeeds Acquiring Nevsun

December 29, 2018November 26, 2022TesfaNewsLeave a Comment

BY NEVSUN Nevsun Resources Ltd. (TSX: NSU) (NYSE AMERICAN: NSU) (“Nevsun”) and Zijin Mining Group Co. Ltd.(SH:601899, SEHK:2899) (“Zijin”) announces that Zijin has been successful in its offer to purchase all of the issued and outstanding Nevsun common shares for C$6.00 per share (the “Offer”).

Nevsun Extends Mine Life at Bisha Until 2022

June 14, 2018TesfaNewsLeave a Comment

BY NEVSUN RESOURCES Canada’s Nevsun Resources (TSX, NYSEMKT:NSU), together with its Eritrean partner ENAMCO, has approved an extension to the life of its flagship copper-zinc Bisha mine in Eritrea to the end of 2022 — 18 months later than the planned end of operations announced by the company last year.

Nevsun Resources Rejects $1.16b Takeover Offer

May 8, 2018May 8, 2018TesfaNewsLeave a Comment

BY REUTERS Canadian miners Lundin Mining Corp and Euro Sun Mining Inc disclosed on Monday an offer made earlier to buy base metals company Nevsun Resources Ltd, which rejected the C$1.5 billion ($1.16 billion) proposal.

Deutsche Bank AG Raised Stakes in Nevsun Resources by 39.6pct

April 30, 2018April 30, 2018TesfaNewsLeave a Comment

BY DANTE GARDENER Deutsche Bank AG lifted its position in Nevsun Resources (NYSE:NSU) by 39.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC).