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Eritrean mine ships first zinc concentrate
Bisha mine in Eritrea has sold and shipped its first 10,000 tonnes of zinc concentrate product. The concentrate was sold on the spot market, attracting multiple offers and highly competitive treatment charges.
The mine’s zinc flotation plant expansion was completed earlier this year on-time and under-budget, which separates copper and zinc concentrates simultaneously from processing primary ore from the Bisha open pit mine.
Source: Nevsun Resources
Cliff Davis, CEO of Nevsun Resources, which owns 60% of Bisha, comments, “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.”
Nevsun is scheduled to load additional shipments in the coming weeks and is ramping up to commercial production which is forecast for Q4 2016.
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