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Nevsun Resources
NSU is pleased to announce that the Bisha Mine in
Eritrea has reached commercial production for the copper expansion with
the successful commissioning of its flotation plant. Since
commissioning commenced in early Q3, the operation has produced
approximately 60,000 tonnes of copper concentrate and is on track to
meet guidance of 30 to 50 million pounds of copper production in 2013.
Nevsun's President Cliff Davis states "We are very pleased to advance
this tremendous deposit to the next stage of production and we are
looking forward to significant 2014 cash flow to add to our already
strong balance sheet. Our continuing success can be attributed to our
staff, contractors and the support of the Government of Eritrea. The
State has understood from the beginning that responsible development of
the mining industry has the potential to be a significant economic
catalyst to the country over the next several years. Our success could
not be achieved without the support of the Ministry of Energy and Mines
and the Eritrean National Mining Corporation."
In the past month the plant has been achieving over 80% of its targeted
metrics of feed grade, recovery rates,
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