Canada Court Rules Nevsun Can be Sued in Canada for Alleged Abuses Abroad

The Supreme court did not settle the merits of the plaintiff’s claims. But it gave the green light for a case against Nevsun to be tried in a B.C. court. BY TESFANEWS * The Supreme Court of Canada has ruled that Canadian mining company Nevsun Resources Ltd. can be sued in a Canadian court for […]

Continue Reading

Bisha Mine: In Eritrea, the Clocks Tick Differently

A visit to the Bisha Mine, 150 kilometers west of the capital Asmara BY MARTIN ZIMMERMANN | SPREEZEITUNG * The journey from Asmara to Bisha in the western lowlands of Eritrea takes just under 5 hours. Immediately after arrival, you will be taken to the safety briefing. In the mine and the processing plant apply […]

Continue Reading

China’s Zijin Mining Group to Acquire Nevsun Resources for C$1.86 Billion

BY TESFANEWS * China’s Zijin Mining Group Co is set to acquire Canadian gold and copper miner Nevsun Resources Ltd for about C$1.86 billion ($1.41 billion), trumping multiple bids from rival Lundin Mining Corp. In a statement on Wednesday, Nevsun said it has cut a friendly deal with Zijin Mining for C$6 a share in […]

Continue Reading

Nevsun Announces Q1 2018 Financial Results – With Strong Operational Performance at Bisha

Nevsun finally announces some good news from Eritrea BY PETER ARENDAS | SEEKING ALPHA Nevsun Resources (NSU) released its Q1 2018 financial results. After several quarters of underperformance, Nevsun’s only producing mine finally delivered a positive surprise. In Q1, Nevsun produced 71.6 million lb zinc and 8.9 million lb copper at its Eritrean Bisha mine.

Continue Reading

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 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 Appeals to Canada Supreme Court for Forced Labor Lawsuit

‘It was inappropriate for a British Columbia judge to determine the legality of a sovereign state’s conduct’ – Nevsun Resources BY SUSAN TAYLOR | REUTERS Nevsun Resources Ltd is appealing to Canada’s Supreme Court to throw out a lower court ruling which allowed Eritrean workers, who say they were forced to work at its mine, […]

Continue Reading