“Act of Vandalism” at Nevsun’s Bisha Mine Reported as Ethiopian Bombing by African Media

- March 24th, 2015

An article put out by the Financial Post on Monday stated that what Nevsun Resources (TSX:NSU) reported as an “act of vandalism” at its Bisha Mine was actually an attack by Ethiopian fighter jets, according to reports from African Media. Nevsun reported only minor damage of the mine, but media outlets from Ethiopia and Sudan both reported that the Ethiopian air force bombed the mine.

An article put out by the Financial Post on Monday stated that what Nevsun Resources (TSX:NSU) reported as an “act of vandalism” at its Bisha Mine was actually an attack by Ethiopian fighter jets, according to reports from African Media. Nevsun reported only minor damage of the mine, but media outlets from Ethiopia and Sudan both reported that the Ethiopian air force bombed the mine.

Haywood Securities analyst Stefan Ioannou told the Post that he believed Nevsun’s representation of events, stating that there would have been “a lot more collateral damage” in the case of an air strike.

As quoted in the publication:

In a statement released Sunday, Nevsun said vandals caused minor damage to the base of a tailings thickener at the mine during the night shift on Friday, releasing water into the plant area.

But the Ethiopian news site Tigrai Online said it had confirmed a report that the Ethiopian air force bombed the mine on Friday. Sudanese newspaper Al-Sahafa was the first to report that the attack was a military operation from Ethiopia.

Click here to read the full article from the Financial Post.

Leave a Reply