ESAT News
March 23, 2015
Despite reports by online media outlets with close links to the Ethiopian government about the “bombing a Canadian company owned Eritrean goldmine, Bisha,” by the Ethiopian Air Force, there has been no confirmation or rebuttal of the reports from both governments.
The company said yesterday that repairs to the mechanical issue with the ball mill, previously reported on March 13, 2015, have been ongoing and the Bisha plant remained on-track for re-start later this week. “While there was an act of vandalism at the Bisha plant late last week, there was no significant impact to operations and no personnel were harmed.” It said on its Website.
It added and said that the Bisha Mine experienced an act of vandalism on March 20 during the nightshift in which minor damages were sustained to the base of the tailings thickener, resulting in the release of water into the plant area. The required repairs and cleanup from the incident were minor and are incorporated into the plant re-start later this week. Additional safeguards have been adopted to ensure site and personnel safety and security while the Eritrean and mine security forces undertake an investigation.
Nevsun noted that it has a strong balance sheet and future cash flows to grow shareholder value through exploration at Bisha and acquisition of additional mining assets.