R/€ = 15.90 Change: 0.00
R/$ = 13.47 Change: 0.04
Au 1243.94 $/oz Change: 6.10
Pt 877.50 $/oz Change: 0.00


Canada to create overseas mining watchdog early in 2018

By: Reuters     13th December 2017 Ottawa plans early next year to create an independent office to oversee Canadian mining, oil and gas companies' activities abroad, a government spokesman said on Tuesday, a move that environmental and human rights groups have long demanded. The office would have both an "advisory and robust... 

Nevsun expands strongly mineralised trend at Timok

By: Henry Lazenby     5th December 2017 Ongoing exploration drilling on the Lower Zone at Canadian base metals miner Nevsun Resources’ Timok copper/gold project, in Serbia, has expanded the footprint by about 350 m by 750 m and continues to confirm the high grade, continuity and thickness of the mineralisation, the company announced on... 

Nevsun loses bid to stop Canadian lawsuit over forced labour claims in Africa mine

By: Reuters     22nd November 2017 Nevsun Resources lost its bid to have a Canadian court throw out a lawsuit by Eritreans workers who say they were forced to work at its mine in East Africa, according to an appeals court judgment released on Tuesday. A lower Canadian court ruled last October that the lawsuit against Nevsun can... 

PEA demonstrates ‘extremely compelling’ economics for Timok Upper Zone

By: Henry Lazenby     27th October 2017 Canadian base metals producer Nevsun Resources has reported strong economics for its proposed Timok Upper Zone project, in Serbia. The results of a preliminary economic assessment (PEA), completed by Vancouver-based SRK, has outlined a $630-million project that will produce 2.1-billion pounds of... 

Nevsun delays Timok schedule, provides more capital for flagship Bisha ops

By: Henry Lazenby     11th August 2017 Canadian base metals producer Nevsun Resources this week announced a strategic update on its capital allocation plans, allotting extra capital to its Eritrea-based Bisha zinc/copper/gold operation and delaying the timetable for delivery of the Serbia-based Timok prefeasibility study (PFS) to the... 

Nevsun lifts Q2 copper output

By: Henry Lazenby     14th July 2017 Base metals producer Nevsun Resources has reported a strong recovery of copper concentrate production, lifting second-quarter output to 5.7-million pounds. It is a sharp recovery for the Eritrea-focused company, which resorted to producing a bulk zinc/copper concentrate late last year owing to... 

Nevsun names new chairperson

By: Creamer Media Reporter      26th June 2017 Base metals producer Nevsun Resources has appointed Ian Pearce chairperson. He will take the reins from Stuart Angus, who will also retire as director on September 30, on June 30. 

Nevsun restarts copper concentrate sales

By: Henry Lazenby     20th June 2017 Base metals producer Nevsun Resources has resumed sales of copper concentrate produced from primary ore at the Bisha mine, in Eritrea. The Vancouver-based miner reported on Tuesday that it has sold and shipped 5 800 t of concentrate to an international trader on competitive commercial terms. 

Tabakoto mine, Mali

By: Thabi Madiba     16th June 2017 A gold mine located about 360 km west of Bamako, in south-western Mali, near the Senegal border. 

Nevsun appoints industry veteran Kukielski as president, CEO

By: Henry Lazenby     9th May 2017 Base metals producer Nevsun Resources has appointed 30-year mining veteran Peter Kukielski as its new president and CEO, effective May 12, to replace outgoing Cliff Davis, who announced his intention to retire earlier this year. Most recently, Kukielski was employed as the CEO of Anemka Resources... 

Nevsun taps UK-based Aggreko to provide 29.5 MW solar-diesel hybrid power to Bisha

By: Henry Lazenby     4th May 2017 Canadian base metals producer Nevsun Resources has signed a ten-year deal with Glasgow-based Aggreko to provide solar-diesel hybrid power to Nevsun’s flagship Bisha mine, in Eritrea. Aggreko will supply 22 MW of diesel and 7.5 MW of solar-generated power for the company’s copper and zinc... 

Nevsun exploration continues Harena expansion beyond current resource, finds new regional targets

By: Henry Lazenby     4th April 2017 An ongoing exploration campaign by Eritrea-focused base metals miner Nevsun Resources has extended the current Harena satellite deposit by 150 m beyond the current resource estimate. “The new drilling demonstrates that the already sizeable Harena resource extends 150 m beyond its currently... 

Nevsun finds more mineralisation at Eritrea-based Bisha, satellite deposits

By: Henry Lazenby     23rd March 2017 Canadian base metals producer Nevsun Resources has found more mineralisation at its flagship Bisha mine and satellite deposits in Eritrea, on the Horn of Africa. Drilling undertaken in 2016 has increased the inferred resource at the Harena deposit by nearly 130% to 25-million tonnes grading 0.93%... 

New Year heralds several senior management employments

By: Henry Lazenby     4th January 2017 Early 2017 corporate activity saw a slew of senior management appointments being made by miners. TSX- and NYSE-listed Tahoe Resources has appointed former Goldcorp president and CEO Chuck Jeannes to the board effective January 1. 

Nevsun sidesteps class action; mulls appealing precedent-setting Canadian suits

By: Henry Lazenby     7th October 2016 The British Columbia Supreme Court on Thursday rendered a precedent-setting decision  allowing Eritreans to bring civil action against Nevsun Resources. While the court refused to allow a class-action claim to proceed in court, Nevsun said it would consider appealing a court decision allowing... 

Nevsun sells, ships first zinc concentrate from Bisha

By: Henry Lazenby     9th September 2016 Canadian base metals producer Nevsun Resources has sold and shipped the first 10 000 t of zinc concentrate from its flagship Bisha mine, in Eritrea. The shipment was loaded at the Port of Massawa and sailed on September 7, after being sold on the spot market, attracting multiple offers and highly... 

Zinc price to reach cyclical high in 2018

By: Robyn Wilkinson     12th August 2016 The outlook for the zinc market over the next few years is positive, with the price forecast to reach a cyclical high of more than $3 800/t in 2018, says research and consultancy group Wood Mackenzie zinc markets principal analyst Jonathan Leng. 

Nevsun, Reservoir shareholders approve sweetened offer

By: Henry Lazenby     17th June 2016 The TSX-listed stock of base metals producer Nevsun Resources fell nearly 10% on Friday after the company announced a sweetened bid for Reservoir Metals that would give it control of a portfolio of development projects in Africa and Europe, including the flagship Timok copper/gold project, in... 

Nevsun starts ore commissioning of combined copper/zinc plant

By: Henry Lazenby     7th June 2016 TSX- and NYSE MKT-listed Nevsun Resources, which operates the Bisha mine, in Eritrea, has on Monday started ore commissioning of the combined copper and zinc plant, with commercial production of the expanded operation slated before end-September. The Vancouver-headquartered company advised that... 

Nevsun, Reservoir merge to create new midtier base metals company

By: Samantha Herbst     25th April 2016 Dual-listed base metals miner Nevsun Resources has agreed to acquire TSX-listed Reservoir Minerals for about $365-million to create a new, diversified midtier base metals mining company. 

Nevsun profit falls 40% despite beating Q1 production, cost guidance

By: Henry Lazenby     21st April 2016 Eritrea-focused Canadian miner Nevsun Resources has reported a 40% decline in net income attributable to shareholders for the three months ended March 31, as metal output at its flagship Bisha mine declined and the realised copper price fell 12% year-over-year. Net income attributable to Nevsun... 

Nevsun reports strong demand for zinc concentrates

By: Henry Lazenby     1st April 2016 With cold commissioning of its zinc expansion project under way at Bisha base metals mine, in Eritrea, Canadian miner Nevsun Resources on Thursday reported strong customer demand for its future zinc concentrates. The company said hot commissioning of the zinc plant would be delayed by a month,... 

Gold stocks on the up as economic uncertainty persists

By: Henry Lazenby     11th March 2016 The gold mining industry seems to have started winning back investor confidence after an 18.5% spot gold price rally since the start of the year. The world’s largest gold producer Barrick Gold’s TSX-listed stock jumped 75% to C$18.40 apiece in the year-to-date period, as gold received renewed... 

Gold stocks on the up as economic uncertainty persists

Nevsun on schedule and under budget to start zinc production as supply crunch peaks

By: Henry Lazenby     21st January 2016 Eritrea-focused miner Nevsun Resources is on schedule and well below budget to start hot commissioning of the Bisha mine’s zinc expansion by May, with commercial production expected to get under way later this year. The TSX- and NYSE MKT-listed miner reported that the expansion project was about... 

Bisha mine, Eritrea

By: Sheila Barradas     27th November 2015 A gold/copper/zinc deposit, located 150 km west of Asmara, in Eritrea. 

Nevsun’s Bisha turns a profit despite falling prices, rising costs

By: Henry Lazenby     30th October 2015 Eritrea-focused miner Nevsun Resources has posted a profit for the three months to September 30, despite lower grades, recoveries and sliding copper prices and despite a 95% year-on-year contraction in net earnings. Net income attributable to shareholders shrunk from $25.5-million in the... 

True Gold names former Nevsun finance man CFO

By: Natalie Greve     27th October 2015 Replacing Ryan Torvik, who had been with the company since the prefeasibility stage of the flagship Karma gold mine, in Burkina Faso, TSX-V-listed True Gold Mining has appointed Peter Hardie as CFO, effective November 2. He would join the company from gold, copper and zinc miner Nevsun Resources,... 

Nevsun stock climbs on news of massive sulphide discovery

By: Henry Lazenby     18th June 2015 Canadian base metals producer Nevsun Resources has made a new volcanogenic massive sulphide (VMS) discovery at the grassroots Asheli prospect, on the Mogoraib River Exploration Licence, only 20 km south-west of the existing Bisha processing plant, in Eritrea. The TSX-listed miner’s stock gained... 

Creamer Media publishes African Mining Roundup for May 2015 research report

     13th May 2015 This month’s report includes details of iron-ore company Tawana’s agreement to formalise the legal and commercial conditions of the Mofe Creek project, in Liberia; Canadian miner Nevsun Resources’ Bisha operation, in Eritrea, which is on track to start commissioning at its new zinc plant by... 

Nevsun makes progress with Eritrean zinc expansion 

By: Henry Lazenby     22nd April 2015 Canadian miner Nevsun Resources is on track to start commissioning the new zinc plant currently under construction at its flagship Bisha operation, in Eritrea, by mid-2016. The Vancouver-based firm on Wednesday reported that overall construction progress stood at 60%, with foundations and civil... 

Nevsun restarts Bisha mine following vandalism, repairs

By: Natalie Greve     30th March 2015 Vancouver-based miner Nevsun Resources has successfully restarted the processing plant at its Bisha mine, in Eritrea, following repairs to the ball mill and the tailings thickener during a two-week shutdown. The processing plant had been offline since March 13, when a mechanical issue with the... 

Bisha mine processing plant shut down for repairs

By: Sashnee Moodley     13th March 2015 The processing plant at TSX-listed Nevsun Resources’ Bisha mine, in Eritrea, would be shut down for about two weeks to resolve a mechanical setback with the ball mill.  The company said in a statement on Friday that the temporary shutdown would not negatively impact its 2015 full-year production... 

Nevsun hikes FY14 earnings

By: Natasha Odendaal     27th February 2015 TSX- and NYSE-listed Nevsun Resources posted earnings a share of $0.47 for the 2014 financial year, a rise on the $0.06 reported in the prior period. As the Vancouver-based mining company reported a substantial rise in revenue from $155-million in the 2013 financial year to $555-million in the... 

Nevsun’s Eritrean mine delivers at top end of 2014 production guidance

By: Natalie Greve     13th January 2015 Delivering at the top end of its 2014 production guidance, Toronto- and New York-listed Nevsun Resources has declared output of 88 900 t of copper-in-concentrate for the year ended December 31, benefiting from solid output in the third and fourth quarters of the year. The Vancouver-based mining... 

Nevsun reports full power restored at Eritrea ops, lifts dividend

By: Henry Lazenby     15th December 2014 Horn of Africa-focused copper miner Nevsun Resources on Monday reported that a third-party power solutions provider has fixed and restored the electricity supply to the Bisha plant, in Eritrea. Nevsun last week reported that power supply issues had forced a temporary halt in concentrate... 

Nevsun unfazed by unreliable power at Bisha plant

By: Henry Lazenby     8th December 2014 Eritrea-focused copper producer Nevsun Resources was unaffected by power supply issues that had forced a temporary halt in concentrate production at its flagship Bisha mine. Vancouver-based Nevsun reported that the 27-generator strong third-party-supplied power plant was undergoing routine... 

Nevsun denies Bisha human rights allegations in lawsuit

By: Creamer Media Reporter      21st November 2014 A lawsuit has been filed against Vancouver-based mining company Nevsun Resources in the British Columbia Supreme Court by three individuals who claim to have once worked with a local subcontractor at the Bisha mine, in Eritrea, on the Horn of Africa. The TSX-listed company said on Friday that the... 

Nevsun lifts Q3 copper output

By: Natalie Greve     31st October 2014 Dual-listed Nevsun Resources has posted a 19% quarter-on quarter increase in copper production, delivering 56.4-million pounds of the yellow metal in the quarter ended September 30. Cash costs at the group’s Bisha mine, in Eritrea, remained relatively flat, at $1.05/lb, while the company realised... 

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