Nevsun restarts Bisha plant, maintains 2015 guidance
Nevsun restarts Bisha plant, maintains 2015 guidance
2015-03-30 07:51 ET - News Release
Mr. Cliff Davis reports
NEVSUN ANNOUNCES SUCCESSFUL BISHA PLANT RESTART AND MAINTAINS GUIDANCE
Nevsun Resources Ltd.'s 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 off-line 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 10 of its 27 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 million and 175 million pounds of copper at C1 cash cost of $1.20 to $1.40 per pound.
2015-03-30 07:51 ET - News Release
Mr. Cliff Davis reports
NEVSUN ANNOUNCES SUCCESSFUL BISHA PLANT RESTART AND MAINTAINS GUIDANCE
Nevsun Resources Ltd.'s 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 off-line 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 10 of its 27 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 million and 175 million pounds of copper at C1 cash cost of $1.20 to $1.40 per pound.