They are also a bright spot for eritreas economy and have. May 15, 2011 eritrea s most advanced project is the bisha mine operated by nevsun resources tsx. The main excavation at the bisha mine in northwest eritrea, which is operated by a canadianowned company. Eritrean bisha mining company video photo gallery 18062010 18062010 admin 0 comments bisha, enamco, eritrea, eritrean national mining coooeration, gold mining, june 2010, nevsun, project. Feb 14, 2016 the real truth about bisha mine in eritrea. Eritrea has an extensive amount of resources such as copper, gold, granite, marble, and potash. The companys three principal assets are its ownership interest in the timok project, a highgrade copper gold development project in serbia, its bisha zinccopper mine in eritrea, and its balance sheet. On 30082017, swiss news media revealed a secret gold trade activity between eritrea and swiss companies. Forced labor and corporate responsibility in eritreas mining sector. Nevsun is the 100% owner of the highgrade coppergold timok upper.
Namibian copper moves into the big copper leagues with hambok acquisition. In a 20 report, human rights watch alleged human rights abuses at the bisha mine and that nevsun failed to ensure that forced labour would not be used at the mine. The bisha mine is a highgrade copper, gold, silver and zinc mine that commenced production in february 2011. A treatment plant at the bisha mine was commissioned by the nevsun that hoped to commence with its. Nov 19, 20 eritv eritrean news live by eritrea television 37,651 views 52. They are also a bright spot for eritrea s economy and have contributed more than 800 million dollars to the state. Bisha project is located at about 150km west of asmara in eritrea, east africa. Eritrea has two producing mines bisha, which produces gold, copper and zinc and is 60 percent owned by nevsun resources ltd. Thomas mukoya reuters trucks ferry excavated gold, copper and zinc ore from the main mining pit at the bisha mining share company in eritrea, operated by canadian company nevsun resources, on. It isnt always easy to do business in eritrea but the bisha mines, a joint eritrean canadian operation, are an exception. The bisha mine produces copper, zinc, gold and silver. Canadian base metals producer nevsun resources this week announced a strategic update on its capital allocation plans, allotting extra capital to its eritrea based bisha zinccopper gold operation.
This would leave the producing bisha mine in eritrea as euro suns principal asset. Oct 18, 2011 a few months ago, a number of workers from bisha nevsun project owned by the eritrean government and canadas nevsun resources ltd. Dealing with a dictator, cbc radiocanada, 12 feb 2016. When tonight of gold was found in eritrea, hopes that the economy of one of the worlds poorest countries would finally accelerate. Working in eritrea at bisha mining share compony home. Executives at vancouverbased mining firm nevsun resources have denied direct knowledge of human rights violations at their gold and copper mine in the bisha mining district in northern eritrea. The bisha mines gold ore reserves were also important to nevsuns partner in development of the mine, the government of eritrea. Sep 02, 2017 on 30082017, swiss news media revealed a secret gold trade activity between eritrea and swiss companies. The bisha mine benefits from high grade base metal reserves, strong support of the government of eritrea and an advantageous location with good local road and port infrastructure. Somalia and eritrea addressed to the chair of the security council.
So far, however, most of the money has gone to the shareholders of the foreign company, which is the states partner in the mine, and now sued in the canadian court for using slave workers in it. The mine, pictured in february 2016, is a source of gold, copper and zinc ore. Nevsun had a 60 per cent stake in the bisha mine, while the eritrean national mining corporation enamco, a government organization, owned the other 40 per cent. Sudanese newspaper reports ethiopian fighter jets attacked the eritrean bisha gold mine. Additionally, the company pointed out that the bisha mine is 40percent owned by the eritrean government. The bisha mine experienced an act of vandalism nevsun resources ltd. Gold mining in eritrea investing news network october 4th, 2015 gold miners are expanding their focus in africa to the northeast of the continent, a region that in the past was largely bypassed. View of the daily demolition of the bisha mine in eritrea, 150 kilometers west of the capital city of asmara. The vms mineralisation is rich in base and precious metals such as gold and silver oxides, as well as copper and zinc sulphides. Eritrea is a tiny irrelevent and miniscule spec of dirt on the shoe of ethiopia. Nevsun finds more mineralisation at eritreabased bisha. Unrefined gold from bisha mining eritrea is stashed in swiss banks. News articles directory books videos events journals software. The bisha gold and copper mine is the countrys first and, as of october 2012, its only operational mine.
Bisha project is located at about 150km west of asmara in eritrea. Mar 22, 2015 the bisha mine experienced an act of vandalism nevsun resources ltd. The mine, pictured in february 2016, is a source of gold. Allegations of conscripted labour in canadian mine. At least two media outlets confirmed the report, including tigrai online, an ethiopian daily news site which stated that the bisha mine, located 150 kilometres from asmara, eritrea, was a target. In 2011, nevsun began mining gold oxides from the surface layer of bisha. The bisha property hosts a gold, copper and zinc deposit and includes satellite vms deposits at harena, northwest and hambok. It isnt always easy to do business in eritrea but the bisha mines, a joint eritreancanadian operation, are an exception. This page provides eritrea gold reserves actual values, historical data, forecast, chart, statistics, economic calendar and news. What did canadian mining executives know about possible. Visit to the bisha mine in eritrea germany journalist. Yeartodate the bisha mine in eritrea has produced 278,000 ounces of gold, including 41,000 ounces during the commissioning phase early this. They are also a bright spot for eritrea s economy and have. The gram is a wellknown standard unit of measuring precious metals.
Taxes in eritrea are generally regulated by the income tax proclamations 621994. In eritrea, they call it the bisha trail, after nevsun resources copper, gold and zinc mining project, which will become the first commercial mine in the countrys colourful history when it. The real truth about bisha mine in eritrea youtube. Eritrea looks to mining to boost economic growth youtube. The official statement by nevsun on march 22, 2015 say the damages were sustained to the base of the tailings thickener. Proethiopian regime bloggers reported that ethiopian airforce conducted airstrike at a gold mine processing facility, near the capital asmara, so far both ethiopian and eritrean officials didnt confirm whether or not the airstrike took place. Immediately after arrival, you will be sent to the security office. Formed for the development and operation of the bisha mine in western eritrea. Gold price in eritrea today per gram in eritrean nakfa ern. Enamco seeks a repeat of bisha success story on the crest of its success in cooperating with canadas nevsun resources in developing gold at bisha, eritrea is intent on doing likewise with chinas speco. Bisha mine in eritrea experienced vandalism, not airstrike. Ethiopian fighter jets hit eritrean bisha mine and mai edaga military depot.
The plaintiffs claimed they and more than 1,000 others had been conscripted through eritrea s military service into forced labour to construct nevsuns bisha gold. Martin zimmermann the journey takes about 5 hours from asmara to bisha in the western lowlands of eritrea. Bisha mine in eritrea experienced an act of vandalism. Bisha project mining technology mining news and views. Eritrea gold reserves 20002002 data 20192020 forecast.
We were forced to work at westernrun mine, say eritrean. Inside eritrea s bisha mines france 24 video by nicolas germain, romeo langlois text by france 24 it isnt always easy to do business in eritrea but the bisha mines, a joint eritrean canadian operation, are an exception. Part 2 appalling work conditions at bishanevsun mining. The main excavation at the bisha mine in northwest. Chinese miner to start copper output in eritrea by next. Bishas gold ore reserves and actual mining and production of gold at the bisha mine were material to investors. Zijin, through its subsidiary, has filed and will be mailing shortly thereafter a notice of variation and extension to nevsun shareholders extending the period upon which nevsun shareholders can tender their nevsun shares to the offer. Nevsun delays timok schedule, provides more capital for. Its 27 million tonnes of ore reportedly contain 1 million ounces of gold, 11.
I have been wanting to visit the mine for some time as it is the only mine currently operating in the country although the zara mine should come on line soon and is a major contributor to the eritrean economy. Bisha mining is an eritrean company formed for the development and operation of the bisha mine in western eritrea. The company also holds a number of additional exploration licences and permits in serbia, macedonia and in the bisha mining district. Canadian base metals producer nevsun resources has found more mineralisation at its flagship bisha mine and satellite deposits in eritrea, on the horn of africa. Ethiopian air force reportedly attacked two locations inside eritrea on march 20,2015 says tigrayonline ardent protigray peoples liberation front tplf online news provider. Supercut srf rundschau gold aus zwangsarbeit aus eritrea. Nsu is pleased to announce strong production results of 110,000 ounces of gold for the quarter ending september 30, 2011.
Bisha, gashbarka, eritrea three day weather forecast. In actuality, ethiopia would prefer a democratic, friendly, peaceful and developing eritrea so that the eritrean refugees that are draining ethiopian resources will go home as would those who are hiding in the cities and living under the radar. Ethiopian fighter jets hit eritrean bisha gold mine. The companys three principal assets are its ownership interest in the timok project, a highgrade coppergold development project in serbia, its bisha zinccopper mine in eritrea, and its balance sheet. Bisha is a large, highgrade volcanogenic massive sulphide vms deposit located 150km west of asmara, eritrea, east africa. Appalling work conditions at bishanevsun mining project, eritrea. Canada mining firm accused of slavery abroad can be sued. Bisha gold mining site which is located 150 kilometers west of the eritrean capital asmara and arsenal at mai edaga were targets of the airstrike according to tigrayonline. Ethiopian fighter planes bombed the site of eritrea s bisha goldmine, reported alsahafa, a leading sudanese arab daily in its march 21 edition.
A vancouverbased mining company that struck gold in the small east african country of eritrea is being accused in a b. Supreme court rejects nevsuns appeal to hear forced. Bisha mining,is a gold,silver,and copper mine in the middle of one of the hottest places on earth. The government is betting on the mining sector to bring in muchneeded cash.
Tour by eritreans from australia to bisha, sawa and filfil solomuna. We were forced to work at westernrun mine, say eritrean migrants. This place is situated in dghe, gashbarka, eritrea, its geographical coordinates are 15 29 2 north, 37 32 41 east and its original name with diacritics is bisha. A sudanese newspaper, alsahafa on its 21, 2015 print reported ethiopian fighter jets bombarded the only profitable mining company in eritrea.
Bisha is a large precious and base metal volcanogenic massive sulfide deposit that commenced gold and silver production in february 2011. View of the daily demolition of the bisha mine in eri trea, 150 kilometers west of the capital city of asmara. Dec 21, 2017 when tonight of gold was found in eritrea, hopes that the economy of one of the worlds poorest countries would finally accelerate. Eritrea nevsun bisha brought over 1 billion dollars income to the economy france 24 continues its indepth look at eritrea. Jul 21, 2011 appalling work conditions at bishanevsun mining project, eritrea. Zijin mining heads for full ownership of nevsun international mining. All content is posted anonymously by employees working at bisha mining. The trade which is reported of being executed from 2011 to 20 enabled switzerland to buy 22 tonnes of unrefined gold that costs about 400 million francs. Bisha s gold ore reserves and actual mining and production of gold at the bisha mine were material to investors. Jan 15, 20 map of eritrea with location of bisha mine.
Posted in business, news tagged bisha mine increase production by 18% in q3, bisha mine shows an 18% sequential rise in production, eritrea mining, nevsun bisha mine in eri trea, nevsun third quarter production increaase by 18%, nevsuns nonstop production in bisha gold comments off on nevsun q3 gold output rises by 18 percent. According to the newspaper, heavy plumes of smoke and fire bellowed from the mine located 150 kilometers from the capital city, asmara. The horn of africa nation expects to have four mines in operation by 2018 producing gold, copper, zinc and potash as it digs itself out of slowing. Large highgrade zncuauag volcanicassociated massive sulfide vms deposit. The eritrean government has lost more than one helicopter in the march 20, 2015 operation and more is to come. Canadas nevsun resources to face mass slavery lawsuit. The current price of 24k, 22k, 18k, 16k, 14k, 10k, etc.