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