Endeavour Financial | Bisha Gold Project / Nevsun Resources

Endeavour advised Nevsun Resources (60%) and the Eritrean state mining company (40%) on the financing of the US$350 million Bisha project in Eritrea. The project marked the largest foreign investment in Eritrea, first mine development in Eritrea, first project financing in Eritrea and the first use of the recently-revised German UFK scheme.

Nevsun extends life of its Bisha mine in Eritrea until the ...

Nevsun extends life of its Bisha mine in Eritrea until the end of 2022 By Cecilia Jamasmie | Mining Canada’s Nevsun Resources (TSX, NYSEMKT:NSU) is extending the life of its flagship copper-zinc Bisha mine in Eritrea to the end of 2022 — 18 months later than the planned end of operations announced by the company last year.

Nevsun - Mining Atlas

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.

Canadian firm faces new forced labour claims over Eritrean ...

Nevsun, which had revenues of $357m (£291m) in 2015, and earlier this year expanded its operations in Eritrea, denies the allegations in the lawsuit and says the mine is a model development.

Eritrea, Bisha mine: Nevsun Resources 2013 Corporate ...

 · We find the Mother Lode and the Gold Belt ! Two abandoned mines in the Sheep creek area - Duration: 30:20. Exploring Abandoned Mines 572,652 views

Appalling Work Conditions at Bisha-Nevsun Mining Project ...

Appalling Work Conditions at Bisha-Nevsun Mining Project, Eritrea [This summary of interview was written by AI staff on J: Appalling Work Conditions at Bisha-Nevsun Mining Project, Eritrea We are reposting it in light of the new developments regarding the mining industry in Eritrea, as highlighted by Human Rights Watch report.] A few months ago, a number of workers from Bisha ...

Court allows Eritrean mine workers to sue Nevsun (Updated ...

Court allows Eritrean mine workers to sue Nevsun (Updated) ... Nevsun is one of three Canadian mining companies that have had civil actions brought against them in Canadian courts over incidents ...

Nevsun finds white knight, shares surge as it agrees to ...

China’s Zijin Mining Group Co. Ltd. is set to acquire Canadian base-metals miner Nevsun Resources Ltd for $1. billion, trumping Lundin Mining Corp.’s hostile offer in the biggest takeover in ...

Nevsun appeals to Canada Supreme Court in Eritreans ...

Workers and visitors walk within the processing plant at the Bisha Mining Share Company (BMSC) in Eritrea, operated by Canadian company Nevsun Resources, Febru.

Canadian firm to face historic legal case over alleged ...

Since Nevsun owns 60% of the Bisha Mining Share Company, which owns and operates the mine (the other 40% is owned by the Eritrean government), the plaintiffs claim …

Nevsun Bid: Do Nothing - streetwisereports.com

Money manager Adrian Day comments on Lundin Mining's proposal to buy Nevsun Resources. Money manager Adrian Day comments on Lundin Mining's proposal to buy Nevsun Resources. Streetwise Reports. The Gold Report. The Energy Report. The Life Sciences Report. ... an Eritrean discount, notwithstanding the recent official end to the war with Ethiopia

Nevsun cuts mine life in half at Bisha – Assenna.com

by Habte Hagos, Eritrea Focus. On 17 August 2017, The Northern Miner (Global mining news) reported, following a conference call with the newly appointed Nevsun CEO, Peter Kukieliski, that the Bisha mine reserve life has reduced from 8 to 4 years (closes in mid ).

bisha mining in eritrea - tcfuwhr.org

 · Nevsun Resources - Wikipedia. Nevsun Resources Ltd. is a Canadian, diversified mid-tier miner with a portfolio of base metal the Timok Project, a high-grade copper-gold development project in Serbia, its Bisha zinc-copper Mine in Eritrea, and its strong balance sheet.

Nevsun stock climbs 14% on Lundin’s $1.4B offer, but CEO ...

In May, Lundin sought to purchase only Timok, and enlisted Euro Sun Mining Inc. to purchase Nevsun’s other main asset, a zinc-copper mine in Eritrea known as Bisha.

China invests in Eritrea's mining - buying Nevsun to ...

Zijin Mining Group Co. agreed to buy Nevsun Resources Ltd. for $1.41 billion to add copper assets in Serbia and Eritrea and enable the Canadian firm to ward off a hostile bid from rival Lundin Mining Corp.

Eritreans' case against Nevsun can proceed in Canada ...

The plaintiffs, who are former Eritrean conscripts, filed a lawsuit in B.C.'s Supreme Court in November of 2014, accusing Nevsun of being "an accomplice to the use of forced labour, crimes against ...

Resource World Magazine Nevsun rejects Lundin, bets on ...

Nevsun is a leading mid-tier base metals company. It operates Bisha, a high grade open pit copper-zinc mine in Eritrea and is developing the Timok copper-gold project in Serbia. Timok consists of the Cukaru Peki Upper Zone and Lower Zone. Nevsun owns of the Cukaru Peki Upper Zone.

About Nevsun – Nevsun Resources Ltd. - nevsuncsr.com

The Bisha Mine is owned and operated by Bisha Mining Share Company (BMSC), an Eritrean registered entity. Nevsun Resources (Eritrea) Ltd., an indirect, wholly-owned subsidiary of Nevsun, directly owns 60% of the issued and outstanding shares of BMSC.

Forced Labor and Corporate Responsibility in Eritrea’s ...

Canadian firm Nevsun—the only company with an operational mining project in Eritrea as of October 2012—engaged in an extended and open dialogue with Human Rights Watch in writing and in person.

Vancouver-based mining company granted Supreme Court ...

VANCOUVER—A Vancouver-based mining company accused of using forced labour in an Eritrean mine will argue at Canada’s top court that a case filed against it shouldn’t go to trial. Nevsun ...

Nevsun Resources: Slave Labor At Bisha Mine - Awate.com

Bisha mining company is jointly owned by Nevsun Mining (a Canadian company) and Eritrean mining company (owned by the Eritrean government).[ii] In January 2013, Human Rights Watch issued an extensive report titled “Hear no Evil: Forced Labor and Corporate Responsibility in Eritrea’s Mining Sector.” The following is what came in the report:

Nevsun Announces Completion of Chinese and Canadian ...

The Nevsun and Zijin circulars are available under Nevsun's profile on SEDAR at www.sedar.com, with the United States Securities and Exchange Commission at www.sec.gov, and on Nevsun's website at ...

Nevsun Resources - Wikipedia

Nevsun Resources Ltd. is a Canadian, diversified mid-tier miner with a portfolio of base metal assets to drive growth. The Company is headquartered in Vancouver, BC . [1] Nevsun’s common shares trade on the TSX and NYSE American under the trading symbol “NSU”.

We were forced to work at Western-run mine, say migrants ...

Bemnet, who slipped out of Eritrea in 2011, did not work just for the government when he was a conscript: In his legal filing he says he helped build a mine for Nevsun Resources, a Canadian ...

nevsun mining eritrea - everitt-bedfordview.co.za

Bisha mine, Eritrea - Mining Weekly. Location: The Bisha mine is located 150 km west of Asmara, in Eritrea. Controlling Company: Bisha Mining Share Company (BMSC) comprises Nevsun Resources (60%) and Eritrean National Mining Corporation, which holds the remaining 40% interest.

Nevsun lawsuit (re Bisha mine, Eritrea) | Business & Human ...

Four plaintiffs, all Eritrean refugees, allege the mining company — called Nevsun Resources Ltd. — is complicit in violations of international law norms against forced labour, slavery and torture stemming from the construction of an Eritrean mine.

Independent Technical Report 2016 Resources ... - Bisha …

Nevsun holds a 60% interest in the Project, through a 60% interest in Bisha Mining Share Company (BMSC). The Eritrean National Mining Corporation (ENAMCO) holds the remaining 40% interest. BMSC is the operator for the Bisha and Harena mining licences, the mining agreement area, Tabakin Exploration License (Tabakin EL) and Mogoraib River ...

What's Nevsun Worth? - Nevsun Resources Ltd. (NYSEMKT:NSU ...

Nevsun currently has a producing asset through its 60%-owned Bisha project in Eritrea. Eritrea is a country where they will imprison you in a shipping container and torture you just for being a ...

Eritrea: NEVSUN's Multi-million Class Action Lawsuit ...

Recently, Nevsun, the Canadian mining company operating in Eritrea, approved a multi-million class action lawsuit settlement brought by a New York-based law firm representing shareholders and investors. The firm had accused Nevsun of US securities fraud.

Nevsun ups guidance for Eritrea zinc/copper mine

Canadian base metals miner Nevsun Mining, which is being taken over by China’s Zijin Mining, has increased its 2018 zinc and copper guidance for the Bisha mine, following a strong third-quarter ...

Nevsun Finds a White Knight in Zijin With $1.41 Billion Deal

 · Zijin Mining Group Co. agreed to buy Nevsun Resources Ltd. for $1.41 billion to add copper assets in Serbia and Eritrea and enable the Canadian firm to ward off a …

Nevsun Takeover Battle Heating Up - Nevsun Resources Ltd ...

Nevsun (NYSEMKT:NSU) has been a standout performer in what has been a disappointing year for the mining industry. This was long overdue for a company that has lagged its base metal peers for much ...

Nevsun Agrees to $1.41B Takeover Bid by Zijin Mining | E & MJ

Nevsun’s Board of Directors had previously rejected the hostile bid from Lundin because it believed it ignored the fundamental value of Nevsun’s assets. Formed in 1993, Zijin is based in Fujian, China, and is a global mining company specializing in gold, copper, zinc …

Nevsun CEO Says Several Companies Expressed Interest in ...

 · Nevsun has been looking at financing alternatives for development of Timok since March 2017, and has received four proposals from major and mid-tier mining and smelting companies to …

Nevsun Ups Guidance for Eritrea Zinc/Copper Mine ...

Nevsun Ups Guidance for Eritrea Zinc/Copper Mine . www.miningweekly.com | . Canadian base metals miner Nevsun Mining, which is being taken over by China’s Zijin Mining, has increased its 2018 zinc and copper guidance for the Bisha mine, following a strong third-quarter performance.

Geneva protest against Nevsun event - Eritrea Hub

Nevsun Mining Resources (Canada), Bisha Mine Share Company (40% owned by the Eritrean government and Nevsun), and Danakali Limited (Australia), are in partnership with the Government of Eritrea. Nevsun has been exploiting gold, copper and zinc.

Nevsun Ups Guidance for Eritrea Zinc/Copper Mine ...

Nevsun Ups Guidance for Eritrea Zinc/Copper Mine . www.miningweekly.com | . Canadian base metals miner Nevsun Mining, which is being taken over by China’s Zijin Mining, has increased its 2018 zinc and copper guidance for the Bisha mine, following a strong third-quarter performance.

Eritrea: Was Nevsun’s Bisha mine bombed by Ethiopia?

Nevsun owns 60% of Bisha with the balance owned by the Eritrean state mining company (ENAMCO) which bought 30% from Nevsun and has fully participated financially …

Nevsun in Eritrea : Dealing With a Dictator - the fifth ...

 · When a small Vancouver mining company Nevsun struck gold in a remote corner of Africa, it started with so much promise. In remote Eritrea, Nevsun built a …

Nevsun cuts mine life in half at Bisha – Assenna.com

by Habte Hagos, Eritrea Focus. On 17 August 2017, The Northern Miner (Global mining news) reported, following a conference call with the newly appointed Nevsun CEO, Peter Kukieliski, that the Bisha mine reserve life has reduced from 8 to 4 years (closes in mid ).