Company Announcement: Chalice Gold Mines - Enters into joint venture with ENAMCO

Chalice Gold Mines Limited advises that it has agreed to enter into a joint venture with the Eritrean National Mining Corporation in relation to its Mogoraib North and Hurum Projects in Eritrea

Company Announcement: CHALICE AGREES REVISED TERMS WITH ENAMCO FOR SALE OF 30% OF ZARA PROJECT

ENAMCO to make US$3M payment now with balance due at completion of SFECO transaction Chalice Gold Mines Limited (ASX: CHN; TSX: CXN) advises that it has agreed to vary the payment and completion terms of its agreement with the Eritrean National...

Company Announcement: Chalice takes key step towards gold production with signing of Eritrean Mining Agreement

Chalice Gold Mines Limited is pleased to announce that its 60 per cent-owned Eritrean joint venture company, Zara Mining Share Company, has executed a Mining Agreement with the Government of the State of Eritrea, paving the way for financing and...

Company Announcement: Chalice Gold Mines - Key step towards gold production with signing of Eritrean Agreement

Chalice Gold Mines Limited is pleased to announce that its 60 per cent-owned Eritrean joint venture company, Zara Mining Share Company, has executed a Mining Agreement with the Government of the State of Eritrea, paving the way for financing and...

Nevsun reports $60m Q2 profit from Eritrean mine

Nevsun Resources, the owner of the Bisha gold mine in Eritrea, on Wednesday posted second quarter after-tax net profit of $60,6-million, compared with a $2-million loss for the same period in 2010. Production came in at 93 000 oz at a cash cost...

Chalice sells off share in Zara gold project

ASX- and TSX-listed Chalice Gold Mines has agreed to sell off 30% of its Zara gold project to the Eritrean National Mining Corporation (Enamco) for $32-million. Chalice said in a statement on Thursday that the sale of the interest in the Zara...

Eritrea gold mine to start commercial production early next year

Canadian miner Nevsun Resources’ large precious and base metal-rich volcanogenic massive sulphide (VMS) deposit, located 150 km west of Asmara, Eritrea, East Africa is expected to reach commercial production during the first quarter of 2011....

Bisha on schedule, budget – Nevsun

Vancouver-based Nevsun Resources expects to reach commercial production at its Bisha mine, in Eritrea, during the first quarter of 2011, the company confirmed on Monday. Plant commissioning will start late this year, and Nevsun's management is...

Nevsun opts for equity sale after project debt deemed 'unreliable'

Canada's Nevsun Resources, which is building the Bisha mine, in Eritrea, has arranged a nonbrokered private placement to raise C$117-million, the company announced on Thursday. The firm said it decided on the share sale to ensure that the project...

Nevsun expects to have $200m-plus debt finance in place by end-March

Canada-based Nevsun Resources, which is building the Bisha gold mine, in Eritrea, hopes to finalise more than $200-million in debt finance for the project by the end of the first quarter. The firm is finalising legal and due diligence...