Tag Archives: Timok Copper Project

Nevsun Rejects Lundin Takeover, Seeks Alternative Buyer

Nevsun recommends shareholders reject hostile Lundin Takeover
Nevsun recommends shareholders reject hostile $1.4-billion takeover attempt by Lundin Mining. Nevsun CEO Peter Kukielski says companies in China, Japan and elsewhere are among “several” potential white knights interested in buying the miner. (Photo: Taylor Weidman/Bloomberg)

BY DANIELLE BOCHOVE | BLOOMBERG NEWS

Nevsun Resources Ltd. says companies in China, Japan, and Western countries are among potential white knights that have expressed interest in buying the miner as it seeks to ward off a hostile takeover by Lundin Mining Corp. Continue reading Nevsun Rejects Lundin Takeover, Seeks Alternative Buyer

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

Bisha Achieved Record Zinc Production and Zinc Recoveries in Q3 2017

Bisha achieved record zinc production of 43.4 million payable pounds and continue to improve zinc recoveries averaging 74% for the third quarter. (Photo: Martin Zimmermann)

BY NEVSUN RESOURCES

Nevsun Resources Ltd. (TSX:NSU)(NYSE MKT:NSU) (Nevsun or the Company) is pleased to report its financial and operating results for the three months ended September 30, 2017. Unless otherwise noted all financial results are in millions of US dollars. Continue reading Bisha Achieved Record Zinc Production and Zinc Recoveries in Q3 2017

Bye Bye Bisha?

Once proud operation by Nevsun Resources, the Bisha mine life has now reduced to only four years of operation. What is the future holds for Nevsun, Bisha and the other satellite deposits around the mine? (Photo: Martin Zimmermann)

BY ITINERANT | SEEKING ALPHA

Nevsun Resources (NSU) stunned markets a couple of weeks ago with a radical change in strategy. The new mine plan for Bisha in Eritrea included the shelving of plans for underground operations at the Bisha and Harena and curtailed open pit mining at Bisha. Only four years of mine life were left in this once proud operation when the dust settled. Continue reading Bye Bye Bisha?

Nevsun’s Bisha Mine Back On Track?

The good news is that the efficiency of the copper circuit at the Bisha mine has improved notably in Q2 2017. The bad news is that zinc production declined significantly, due to the lower feed grades and recoveries. Despite some positive developments, there is still a lot of space for further improvements at the Bisha mine.

BY PETER ARENDAS | SEEKING ALPHA

Nevsun Resources (NYSEMKT:NSU) announced Q2 production results from its Bisha mine. Although zinc production declined compared to Q1, due to lower feed grade and recoveries, copper production increased notably. The most important news, according to Peter Kukielski, Nevsun’s CEO, is that: Continue reading Nevsun’s Bisha Mine Back On Track?

Eritrea Appoints New Ambassador to Serbia

Ambassador Fsehatsion Petros, Eritrea’s Permanent envoy to Italy, has been appointed Eritrea’s first nonresident Ambassador to the republic of Serbia.

BY SHABAIT

Eritrea’s Ambassador to Italy, Mr. Fsehatsion Petros, has on 21st March presented work credential to the Serbian President Tomislav Nikolic as Eritrea’s nonresident Ambassador to the republic.

In the event, Ambassador Fsehatsion conveyed President Isaias’ message of good wish to the Serbian President and affirmed Eritrea’s readiness to establish a strong bilateral relation and cooperation between the two countries. Continue reading Eritrea Appoints New Ambassador to Serbia