2015 Press Releases
March 30, 2015
Nevsun Resources Ltd. (TSX:NSU) (NYSE MKT: NSU) (Nevsun or the Company) reports that the Bisha processing plant successfully restarted on March 26 after completion of both the ball mill and the tailings thickener repairs. The processing plant had been offline since the March 13, 2015, announcement when the ball mill gear box mechanical issue was discovered during routine maintenance.
The Company advises that the investigation by Eritrean authorities into the incident at the mine site a week ago continues. Employee and site safety and security are always of utmost importance and the Company has arranged for increased security in and around the mine site. There have been no further incidents.
During the temporary shutdown the mine also took the opportunity, through its third party thermal energy provider Aggreko, to accelerate the upgrade of another ten of its twenty seven diesel generators with newer more efficient units. In addition, the mine was able to focus on waste mining and accelerate some other preventative maintenance that was scheduled for later in 2015. The Company maintains its 2015 annual production guidance to produce between 160 and 175 million pounds of copper at C1 cash cost of $1.20 to $1.40 per pound.
About Nevsun Resources Ltd.
Nevsun Resources Ltd. is a Vancouver-based mining company with an operating mine in Eritrea. Nevsun’s 60%-owned Bisha Mine ranks as one of the highest grade open pit copper mines in the world. Nevsun has a strong balance sheet and future cash flows to grow shareholder value through exploration at Bisha and acquisition of additional mining assets.
NEVSUN RESOURCES LTD.
Cliff T. Davis
President & Chief Executive Officer
For further information, Contact:
Tel: 604 684 6730
Toll free: 1 866 684 6730