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Nevsun Provides an Update on Bisha Operations
Mar 13, 2015 · /PRNewswire/ Nevsun Resources Ltd. (TSX:NSU) (NYSE MKT:NSU) (Nevsun or the Company) reports that the processing plant at the Bisha Mine has been temporarily...
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Unifier for use in its 250 million Bisha project. in Eritrea. Unifier will provide comprehensive cost, document and schedule management capabilities, as well as advanced reporting, for project teams. based in North America and Africa. The Bisha mine and processing plant is loed. west of Asmara, Eritrea's capital, and is expected
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· The government works through the Eritrean National Mining Corp (Enamco) which can acquire up to 40% and pay for it in a mining project. Indeed, after Bisha came on line in early 2011 as the first industrialscale gold mine in Eritrea it has also been turning out copper since 2013 Enamco has been intent on achieving a double whammy with the Koka gold deposit.
ENAMCO fixes its sights on new target
· To cut the deal, ENAMCO will take the cue from an agreement it reached with Nevsun on Bisha, which led to the creation of the Bisha Mining Share Co., which is 40% owned by ENAMCO. Koka is loed on the Zara concession to the northeast of Bisha and houses an indied resource of 840,000 oz of gold and probable resource of 760,000 oz.
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