Tag Archives: copper plant

Nevsun and its Zinc Processing Plant in Eritrea (Update-III)

By TesfaNews,

NEVSUN Resources recently announced a new Volcanogenic Massive Sulphide (VMS) discovery 20 kilometres to the southwest of its operating Bisha Mine in Eritrea.

We already knew the Bisha project was a VMS project and all VMS-projects occur in one large deposit (in this case the Bisha mine) but also contain several smaller satellite deposits as a cluster around the main deposit. Since 2012, Nevsun Resources has been focusing on effectively finding those satellite deposits.  Continue reading Nevsun and its Zinc Processing Plant in Eritrea (Update-III)

Nevsun Provides Update on its $92m Zinc Expansion Project

By Nevsun Resources,

NEVSUN Resources Ltd. (TSX: NSU) (NYSE MKT: NSU) is pleased to provide an update on the Bisha zinc expansion project which will average over 100,000 tonnes (225 million pounds) of zinc and 24,000 tonnes (55 million pounds) of copper per year for 10 years after start up in mid-2016.

The zinc expansion project adds zinc flotation capacity to the Bisha processing plant. This zinc flotation plant floats zinc concentrate after existing copper flotation, enabling the production of two products: zinc and copper concentrate as required to process primary ores.  Continue reading Nevsun Provides Update on its $92m Zinc Expansion Project

Bisha Processing Plant Restart Successfully

Back to Business. Bisha plant re-starts production

By Nevsun,

NEVSUN Resources Ltd. (TSX:NSU) (NYSE MKT: NSU) (Nevsun or the Company) today reports that the Bisha processing plant successfully restarted on March 26 after completion of both the ball mill and the tailings thickener repairs.

The processing plant had been offline since the March 13, 2015, announcement when the ball mill gear box mechanical issue was discovered during routine maintenance.  Continue reading Bisha Processing Plant Restart Successfully

Why I Bought Nevsun Resources

Nevsun Resources is literally a cash cow. It has an incredible profit margin and also has a robust balance sheet. It’s an extremely rare mining company when it comes to profitablity and quality of its deposit

By Value Sniper,

NEVSUN Resource (NYSEMKT:NSU) is operator of the Bisha mine. It is one of the highest grade open pit copper mines in the world. The Bisha mine is located in Eritrea.

Due to its high grade, it has one of the lowest operating cash cost in the entire industry. In fact, the mine produces 196 million pounds of copper at a cash cost of only $1.05. Based on the current price of $2.8, it is possible to calculate a profit margin of almost 63%. Clearly, Nevsun will continue to stay largely profitable even if the copper price continue its downtrend.

With this incredible margin, the company has a trailing twelve months earnings per share of $0.47. It is important to mention that the firm pays a dividend of $0.16 per year. It represents an annual yield of 4.4%.  Continue reading Why I Bought Nevsun Resources

Operations at Bisha Mine Temporarly Shut Down

Nevsun to shut Bisha mine for two weeks for repairs

By Nevsun,

NEVSUN Resources Ltd. today reports that the processing plant at the Bisha Mine has been temporarily shut down due to a mechanical issue with the ball mill.

The Company believes this temporary shutdown will not negatively impact its 2015 annual production guidance but may take approximately two weeks to resolve.  Continue reading Operations at Bisha Mine Temporarly Shut Down

Commissioning Started for Copper Expansion Project at Bisha Mine

Some Copper production started

By Kin Communications inc.,

As Nevsun’s Copper Phase Expansion Project nears completion, we wish to draw your attention to some of the recent photos.

Construction is on budget and some commissioning work has been started, with Nevsun anticipating 60-80 million pounds of copper in 2013, and 200 million pounds in 2014.

Management looks forward to Bisha ranking as one of the highest-grade open-pit base metal deposits in the world.  Continue reading Commissioning Started for Copper Expansion Project at Bisha Mine