Bisha is one of the best performing mines in the world and Nevsun, which has one of the cleanest balance sheets and lowest production costs of any base metal miner, pays more than any other miner a 5.6% dividend to its investors. Its near $600-million war chest backs 80% of its share price. This is real.
, Resource Reports
With almost $600 million in the bank, NSU has cash to back 80% of its share price. And it pays a dividend. And it’s expanding its profitable mine. Investors are taking note: Nevsun has outperformed the S&P/TSX Capped Diversified Metals & Mining Index by 40% since June.
The big resource picture is still unclear. No one knows what will turn mining around or when it will happen.
With so much uncertainty, it is easy to hesitate. Why buy now?
Continue reading A Miner With Lots of Cash, A Profitable Mine, and a Healthy Dividend. Really.
DESIST or DECEASE. The Ogaden Liberation Army today threatened to attack any firm operating in the exploration of natural gas in the Ogaden region.
AN ETHIOPIAN rebel group today a Chinese firm against natural gas exploration in the Somalia region of Ogaden. warned
The Ogaden Liberation Front (ONLF) accused the Chinese company of partnering with the Ethiopian government to illegally exploit resources of the Somalia region of Ogaden in addition to providing surveillance and funds for the army and Liyu-Police.
The front also accuses Prime Minister Hailemariam Dessalegn for his irresponsible statement.
Continue reading Ethiopian Rebels Warn Chinese Firm Exploring Natural Gas
Red Sea Oil & Gas 2015 Summit discusses Eritrea’s under-explored opportunities and potentials
THE first-ever summit for the Red Sea oil and gas sector held Monday and Tuesday in Dubai focused on investment, exploration and energy production opportunities.
A strategic transit point between Asia, Africa and Europe, the coasts between the Suez Canal and the Aqaba Gulf are also rich in hydrocarbons and untapped potential.
Continue reading Red Sea Oil & Gas Summit Discusses Opportunities
Nevsun is expected to produce between 160-million and 175-million pounds of copper in concentrate this year.
THE Bisha Mining Share Company, which is 60% owned by TSX-listed miner Nevsun, is expected to produce between 160-million and 175-million pounds of copper in concentrate this year.
This was lower than the 196-million pounds of copper in concentrate the company produced in 2014 against guidance of 180-million to 200-million pounds.
Continue reading Nevsun Expects Lower Copper Output in 2015
Starting from producing 160 – 175 million lbs of copper to announcing a revised mineral resource estimate and revised mine life; to keeping the zinc expansion plan into a commissioning stage; to drilling additional 25,000 meters; and monetizing the more than 80,000 ounces of gold held in stockpile are some of Nevsun’s major corporate objectives for the year 2015
NEVSUN Resources Ltd. (TSX:NSU / NYSE MKT:NSU) announces its 2015 corporate objectives including copper production and capital allocation guidance for the Company.
The Bisha Mine, operated by Nevsun’s sixty percent owned subsidiary Bisha Mining Share Company (BMSC) is one of the highest grade open pit base metal deposits in the world and has a mine life currently in excess of 10 years.
Continue reading Nevsun Outlines 2015 Corporate Objectives
HARENA DEPOSIT. Nevsun expands mineralization at the Harena copper-polymetallic deposit near Bisha mine. It’s exploration efforts in Eritrea are indeed paying off.
( Kip Keen Mine Web),
MUCH of Nevsun’s drilling in Eritrea this year – as part of a vastly expanded drill program – has concentrated on the Harena deposit, the near-surface parts to which it mined early on as part of its Bisha mine.
After recent drilling, the steeply dipping deposit, now shows that it continues at depth and along strike and is associated with new gold rich zones.
Continue reading Harena Exploration Bolsters Bisha Mine