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VANCOUVER, Sept. 8, 2016 /CNW/ – Nevsun Resources Ltd. (TSX:NSU) (NYSE MKT:NSU) announced that it has sold and shipped ten thousand tonnes of concentrate product from the Bisha mine in Eritrea. According to the news release: The ten thousand tonne lot was loaded at the Port of Massawa and sailed on September 7, 2016. The concentrate was …
VANCOUVER, Sept. 8, 2016 /CNW/ – Nevsun Resources Ltd. (TSX:NSU) (NYSE MKT:NSU) announced that it has sold and shipped ten thousand tonnes of concentrate product from the Bisha mine in Eritrea.
According to the news release:
The ten thousand tonne lot was loaded at the Port of Massawa and sailed on September 7, 2016. The concentrate was sold on the spot market, attracting multiple offers and highly competitive treatment charges.
The Bisha mine completed the zinc flotation plant expansion earlier in 2016 on-time and under-budget. The plant allows Bisha to produce separate copper and zinc concentrates simultaneously from processing primary ore from the Bisha open pit mine.
Cliff Davis, Nevsun CEO commented, “We are pleased to have a high quality zinc product coming to market in an environment of rising zinc prices. Bisha is the only significant new zinc concentrate coming to market in 2016 and we are being aggressively courted for offtake by various customers. We would like to congratulate our partner, the State of Eritrea, for adding another export product to the economy and thank them for their support.”