TORONTO (miningweekly.com) - Canada's Nevsun Resources has inked metal sales contracts for future gold and copper production from its Bisha mine, in Eritrea, the firm announced on Monday.

Gold from the operation will be refined in Switzerland and Canada by "two major international companies" while the copper concentrate will be shipped to smelters in Europe and India, Nevsun said.

Pricing for all metals will be fixed at spot rates at the time of delivery.

The Bisha mine is scheduled to start production next year and will run for a 10-year mine life.

In July, Nevsun secured $235-million in debt financing for the mine, which it owns with the government of Eritrea.

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