Tag Archives: Bisha Mining

China’s Zijin Clears Last Regulatory Condition for $1.41B Nevsun Takeover

Zijin mining clears the remaining two regulatory hurdles to proceed with Nevsun Takeover
Shares of Nevsun Resources Ltd. reached a 52-week high of $5.97 today after Zijin completed both Chinese (SAFE) and Canadian (ICA) gov’t regulatory approvals to proceed with its proposed $1.41 billion takeover bid of Nevsun.

BY MINING.COM

Canada’s Nevsun Resources (TSX, NYSEMKT:NSU) said Tuesday that Zijin Mining had received approval from Chinese and Canadian authorities for its proposed friendly $1.41 billion-takeover bid of the Vancouver-based miner. Continue reading China’s Zijin Clears Last Regulatory Condition for $1.41B Nevsun Takeover

Nevsun Resources’ (NSU) CEO Peter Kukielski on Q4 2017 Results – Earnings Call Transcript

Nevsun Resources Ltd. (NYSEMKT:NSU) Q4 2017 Earnings Conference Call March 2, 2018

Highlights : Updated Timok Project Upper Zone Preliminary Economic Assessment (“PEA”) results released in Q4 2017 demonstrate outstanding project economics with a $1.5 billion NPV and 50% IRR at a discount rate of 8% and a $3.00 per pound copper price • Improved mining and metallurgical processes at Bisha in 2017 • Produced 210.4 million pounds of zinc in zinc concentrate, at the top end of revised guidance of 190-210 million pounds• Produced 17.5 million pounds of copper in copper concentrate, below revised guidance of 20-30 million pounds.

BY SEEKING ALPHA

Our presenters today are Peter Kukielski, Nevsun’s President and Chief Executive Officer, and Ryan MacWilliam, our Chief Financial Officer. Following the conclusion of formal remarks by Peter and Ryan, we will host a question-and-answer session. Continue reading Nevsun Resources’ (NSU) CEO Peter Kukielski on Q4 2017 Results – Earnings Call Transcript

Swedish Mining Engineer: “The Operations in Bisha Were Far From Slavery”

Swedish mining Engineer who worked at the Bisha mine in Eritrea between April 2010 and July 2014 has said he didn’t see any signs of “slavery”. (Photo: Clas Lindström)

BY MARTIN SCHIBBYE | BLANKSPOT *

Mining Engineer Clas Lindström worked for Bisha Mining in Eritrea during the same period that three workers claim they had to work in the mine against their will. He remembers an unusual plant, but did not see any signs of slavery. Continue reading Swedish Mining Engineer: “The Operations in Bisha Were Far From Slavery”

Nevsun: Combined Indicated Mineral Deposit at Bisha Increased by 29%, Copper by 22%

The combined Indicated mineral deposits from Hambok, the Northwest Zone and Harena open pit increased the Bisha resource estimates by 29% and the contained Copper by 22%

By Nevsun Resources Ltd.,

Nevsun Resources Ltd. (TSX: NSU / NYSE MKT: NSU) (“Nevsun: or the “Company”) is pleased to announce the maiden open pit mineral resource estimates for the Hambok and Northwest Zone deposits and the updated mineral reserve estimates for the Bisha Main and Harena open pit mines. Hambok and the Northwest Zone are satellite deposits to the Bisha Main pit and, in addition to Harena, are expected to provide additional feed to the Bisha mill, extending mine life.  Continue reading Nevsun: Combined Indicated Mineral Deposit at Bisha Increased by 29%, Copper by 22%

Nevsun Exceeds Production Guidance and Extends Gold Production

Nevsun is in transition from a gold miner to a pretty rich base metal miner

By Nevsun,

Nevsun Resources Ltd. (TSX:NSU / NYSE MKT:NSU) is pleased to announce strong production results of 313,000 ounces [8,873 kg] of gold for 2012 with 46,000 ounces in the quarter ended December 31, 2012. Gold production for 2012 exceeded the top end of the latest guidance.

Bisha gold production is again extended and is now anticipated to continue to the end of Q2 2013, aligning well with the planned commissioning of the copper expansion project.  Continue reading Nevsun Exceeds Production Guidance and Extends Gold Production

The Impact of Eritrea-South Africa Bilateral Relation in the Horn of Africa

For Eritrea, building a strategic relationship with any country is a top foreign policy priority

By Berouk Mesfin,

Eritrea and South Africa formally established diplomatic relations in 1994. Eighteen years later, the two states seem to be strengthening their bilateral relations.

In March, Iqbal Jhazbhay, the new South African ambassador to Eritrea, presented his credentials to President Isaias Afwerki. Significantly, Jhazbhay was warmly received by the president only a week after his arrival, which is a very unusual occurrence. This demonstrates the importance that Eritrea accords to South Africa.  Continue reading The Impact of Eritrea-South Africa Bilateral Relation in the Horn of Africa