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News Breaks
July 24, 2012
06:33 EDTNSUNevsun Resources reports increased base metals reserves
Nevsun Resources announced new increased base metal Canadian National Instrument 43-101 compliant mineral resources and reserves estimates at its 60%-owned Bisha Mine in Eritrea. Expressed as contained metal, the copper reserves estimate is 6% higher and the zinc reserves estimate is 38% higher as of May 31 compared with the previous reserves estimate effective date January 1, 2011. Management will hold a conference call on Tuesday, July 24 to discuss the results. Total mineral reserves estimate consists of 26.5M tonnes with the oxide portions grading 5.79 gram per tonne, or g/t, gold for a total of 167,000 troy ounces of gold, the supergene portions grading 4.09% copper for a total of 579 million pounds of copper, and the primary portions grading 1.09% copper and 6.33% zinc for a total of 462M pounds of copper and 2,680 million pounds of zinc respectively. A tabulation of total mineral resources and mineral reserves by classification is appended at the end of this news release.
News For NSU From The Last 14 Days
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November 21, 2014
07:52 EDTNSUNevsun Resources denies allegations made in B.C. lawsuit
Nevsun Resources advises that a lawsuit has been filed against it in the B.C. Supreme Court by three individuals who claim to have once worked with a local sub-contractor at the Bisha Mine in Eritrea. The lawsuit makes human rights allegations against the company and its local sub-contractor. The company denies the allegations and will vigorously defend itself against this claim. Cliff Davis, Nevsun's CEO, said, "We are confident that the allegations are unfounded. Based on various company-led and third party audits, the Bisha Mine has adhered at all times to international standards of governance, workplace conditions, and health and safety. We are committed to ensuring that the Bisha Mine is managed in a safe and responsible manner that respects the interests of the local communities, workers, national governance, stakeholders, and the natural environment."
November 20, 2014
16:24 EDTNSUOn The Fly: Closing Wrap
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11:58 EDTNSUNevsun Resources has received expressions of interest on potential transaction
Nevsun Resources said it in a statement that the company "receives in the normal course of business enquiries regarding corporate mergers and acquisitions. Nevsun has recently received from various parties expressions of interest on a potential corporate transaction. We take these enquiries seriously however any discussions are at a preliminary stage and there is no certainty that any transaction will be completed. Management is not aware of a bid for the Company. Nevsun does not intend to comment further on potential corporate transactions unless and until it deems further disclosure is appropriate or required by applicable law."
10:23 EDTNSUNevsun Resources trading halted, pending news
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09:58 EDTNSUQKR near $1B takeover bid for Nevsun Resources, Bloomberg says
Negotiations are ongoing between mining fund QKR and Nevsun Resources and the fund is close to making a bid of about $1B for the Canadian miner, according to Bloomberg, citing people with knowledge of the matter. Shares of Nevsun trading in New York are up nearly 15% to $4.30 following the report. Reference Link
09:35 EDTNSUNevsun Resources may get nearly $1B bid from Qatar's QKR, Bloomberg says
November 13, 2014
07:56 EDTNSUNevsun Resources reports additional positive drilling results for Harena
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