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Nevsun Resources Ltd. (TSX:NSU,NYSEMKT:NSU) released an update on its Bisha zinc expansion project, noting that overall it is nearly 60 percent complete, with zinc plant commissioning on track for mid-2016.
Nevsun Resources Ltd. (TSX:NSU,NYSEMKT:NSU) released an update on its Bisha zinc expansion project, noting that overall it is nearly 60 percent complete, with zinc plant commissioning on track for mid-2016.
Other highlights include:
- Foundations and civil work complete with steel erection underway
- Flotation cells transported to site, regrind mills soon in country
- Forecast to complete: US$92 million with US$63 million committed, US$31 million spent
- No lost time injury or environmental incidents since project commenced
- Uncommitted off-take is well timed for anticipated supply deficit in the zinc market
The zinc expansion project adds zinc flotation capacity to the Bisha processing plant. This zinc flotation plant floats zinc concentrate after existing copper flotation, enabling the production of two products: zinc and copper concentrate as required to process primary ores.
Cliff Davis, CEO of Nevsun, commented:
We take a diligent approach to capital project management to complete projects on time and on budget. Our decision at the start of the zinc project to strengthen the owner’s construction team with a more integrated EPCM approach has realised additional savings. We are confident that the robust flotation process plant will facilitate potential future throughput expansions and extended mine life. We have also been careful not to commit any of our zinc off-take so as to take advantage of the expected tightening of worldwide zinc supply.
Click here to read the full Nevsun Resources Ltd. (TSX:NSU,NYSEMKT:NSU) press release.