nevsun gold eritrea

eritrea project

Nevsun has a joint venture with the government of Eritrea to explore gold, copper and zinc under a project called Bisha, which is estimated to contain 27 million tonnes of ore consisting out of 1 million ounces of gold, 800 million lb of copper as well as 1 billion lb of zinc. The project has so far raised US$250 million for mining infrastructure from the Eritrean government, which holds a 40% stake and Nevsun Resources, which holds a 60% of the shares.

Bisha has not laid out, when it is expecting to turnover the business and make a profit. Nevsun Recourses is listed on the Tokyo Stock Exchange under the Symbol NSU. Information about the financial result can be obtained from: Annual Report Nevsun Resources

Related posts:

1. Annual Report Extract: Nevsun Resources Liquidity and Obligations
2. Eritrea: Nevsun Resources Closes Debt Facility for Bisha Project
3. Nevsun Resources has the Best Relative Performance in the Gold Industry (NSU, RGLD, AUY, AU, GOLD)
4. Nevsun Interview
5. Nevsun Increases Semi-Annual Dividend
6. Nevsun Pours First Gold at Bisha – The Northern Miner
7. Nevsun Increases Mineable Reserves at Bisha by Fourty Percent
8. Video: Nevsun Resources CEO Cliff Davis on BNN
9. Nevsun Resources Ltd.: Bisha Commissioning and Resource Expansion on Track