The evening sun casts a glow over the Bisha mine as the last dump trucks of the day climb up gravel tracks on their way to a refinery, where copper and zinc ore will be processed and shipped off for sale on the world market. This is Eritrea’s first operational mine and the government hopes that three more will jump-start the economy when they come online in the next two years. Continue reading Mining: Eritrea Digs Deep to Boost Economy→
Nevsun Resources Ltd. is pleased to advise that the Bisha Mine copper expansion project (“project”) is proceeding well against schedule and budget.
The Bisha copper expansion project will expand ore processing capacity from 2.0 to 2.4 million tonnes per year and convert from gold/silver doré to copper concentrate production. Annual run-rate copper production is expected to be 180 million pounds of payable metal per year, in concentrate with significant gold and silver by-product credits. Continue reading Sixty Percent of the $100m Worth Copper Plant in Eritrea Committed→
Nevsun Resources Ltd. (TSX:NSU / NYSE Amex: NSU) is pleased to announce the Bisha mine in Eritrea processed 461,000 tonnes of ore yielding 75,000 ounces of gold in doré in the first quarter (Q1) 2011, during the same period it was ramping up to commercial production. Nevsun has accumulated significant cash during Q1, with a cash balance of $100 million as of March 31, 2011. Continue reading Bisha Mines Generates $100 Million in Less than 2 Months→