eritrea mine Archives

Nevsun Delays Timok Schedule, Provides More Capital for Bisha Operations

August 12, 2017TesfaNews9 Comments

BY HENRY LAZENBY | MINING WEEKLY Canadian base metals producer Nevsun Resources this week announced a strategic update on its capital allocation plans, allotting extra capital to its Eritrea-based Bisha zinc/copper/gold operation and delaying the timetable to deliver the Serbia-based Timok prefeasibility study (PFS) to the first quarter of 2018. Previously scheduled for delivery in […]

B.C. Supreme Court Permit Nevsun Claim to be Heard in Canada

October 7, 2016October 7, 2016TesfaNews15 Comments

By Nevsun, Nevsun Resources Ltd. advises that the British Columbia Supreme Court has refused to permit a claim against Nevsun to proceed as a common law class action. The court did permit the lawsuit by the three named plaintiffs to continue. Today’s court decision addresses only preliminary legal challenges to the action raised by Nevsun. […]

Canadian Court to Rule in Nevsun Resources Case

May 3, 2016May 3, 2016TesfaNews13 Comments

By TesfaNews, Lawyers for the Canadian firm Nevsun Resources Ltd., Sutts, Strosberg LLP, Groia Groia & Company LLP and Andrew Morganti, are preparing the final case they will present to British Columbia’s Supreme Court. The court will soon rule on a complaint filed in November, 2014 by three former Eritrean national service conscripts. However, the […]

France 24 : Inside Eritrea’s Bisha Mine (Video)

March 25, 2016March 27, 2016TesfaNews38 Comments

By Nicolas German | for France 24, Some multi-national companies say isn’t always easy to do business in Eritrea but the Bisha mines, a joint Eritrean-Canadian operation, are an exception. They are also a bright spot for Eritrea’s economy and have contributed more than 800 million dollars to the state’s coffers. The mines, a five-hour drive […]

Exposing CBC and The Fifth Estate’s Biased Portrayal of Nevsun and the Eritrean State

February 24, 2016February 26, 2016TesfaNews12 Comments

By Elizabeth Haile, To the astonishment of many, CBC’s The Fifth Estate recently released a so-called documentary, titled ‘Nevsun in Eritrea: Dealing with a Dictator,” that was biased, shoddily put together, and highly unprofessional. The Fifth Estate used questionable interviews, the manipulative sequencing of stock footage, and innuendo to make the case that Eritrea is […]

Prefeasibility Gives Sunridge’s Eritrea project $555m Net Present Value

May 3, 2012May 3, 2012TesfaNewsLeave a Comment

By Matthew Hill, TSX-V- and ASX– quoted Sunridge Gold’s Asmara project in Eritrea has the potential to produce 25,900 t of copper and 61,800 t of zinc yearly, in addition to silver and gold, the company said on Wednesday, announcing the results of a prefeasibility study. At a 10% discount rate, the project has a $555-million […]