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Nevsun Resources Ltd. (TSX:NSU, NYSE:NSU) announced that expansion is complete at their Bisha mine in Eritrea, both on time and under budget.
As quoted in the press release:
Nevsun Resources Ltd. (TSX:NSU, NYSE:NSU) announced that expansion is complete at their Bisha mine in Eritrea, both on time and under budget.
As quoted in the press release:
Construction of the copper expansion project is complete. Wet commissioning tests are finished. Bisha has started hot commissioning using pyrite sand to a produce precious metals (PM) concentrate. Some relatively minor infrastructure will be completed over the next few months and final project costs will be reported in due course.
Nevsun’s President and CEO, Cliff Davis, said:
The successful completion on time and under budget of the new copper flotation plant, clearly demonstrates our ability to deliver capital projects, even in the face of the current capital cost challenge our industry faces. This additional pyrite sand material and the additional $100 million revenue proves once again that Bisha is a tremendous deposit.
To view the whole press release, click here.
