Tag Archives: Zinc Plant Eritrea

Nevsun Ships First Zinc Concentrate from Bisha

bisha zinc plant in Eritrea
Nevsun Resources Ltd. announces that it has sold and shipped its first 10,000 tonne zinc concentrate product from the Bisha mine in Eritrea loaded at the Port of Massawa and sailed on September 7, 2016.

By Nevsun,

… as of September 8, 2016

Nevsun Resources Ltd. (TSX:NSU) (NYSE MKT:NSU) (the “Company” or “Nevsun”) announces that it has sold and shipped the first zinc concentrate product from the Bisha mine in Eritrea.

The ten thousand tonne lot was loaded at the Port of Massawa and sailed on September 7, 2016. The concentrate was sold on the spot market, attracting multiple offers and highly competitive treatment charges. Continue reading Nevsun Ships First Zinc Concentrate from Bisha

Zinc Plant Expansion and Precious Metal Stockpile Sales Update

The Bisha zinc plant expansion project is nearly complete. However, Nevsun will delay the first sale of Zinc concentrate until Q4 2016 as priority is given to sell the over 90,000 tonnes of precious metal stockpiles as the international price and demand for gold, silver and copper suddenly increases.

By Nevsun Resources,

Nevsun Resources Ltd. (TSX:NSU) (NYSE MKT:NSU) is pleased to provide an update on the Bisha Zinc Expansion Project and monetizing precious metal stockpiles, two key objectives for 2016.

Cliff Davis, Nevsun CEO commented, “With the zinc plant nearly complete, strong demand for products and increasing gold, silver and copper prices since December 31, 2015, we expect higher than budgeted cash flows throughout 2016”.

Cliff Davis continued, “The recent precious metal stockpile sales confirm the marketability of the material at more favourable commercial terms than originally expected. In addition, with the likely prioritization of shipping the precious metal stockpile material, I am not expecting the first sale of zinc concentrate until late Q3 or early Q4 2016.” Continue reading Zinc Plant Expansion and Precious Metal Stockpile Sales Update

Nevsun: Bisha Zinc Project 90% Complete

By Nevsun,

Nevsun Resources Ltd. (TSX:NSU / NYSE MKT:NSU) is pleased to advise that the Bisha Mine zinc expansion project (the “Project”) is on schedule and well under budget. The Project is on-track for ore commissioning in mid-Q2 2016 (May – June) and commercial production later in 2016. Continue reading Nevsun: Bisha Zinc Project 90% Complete