Nevsun Resources Ltd.
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Nevsun increases mineable reserves at Bisha by 40% using updated metal prices
Nevsun Resources Ltd. (TSX:NSU)(NYSE Amex:NSU) is pleased to announce the revised reserve estimate for its Bisha mine in Eritrea.
The revised estimate has increased the total proven and probable reserves to 28.3 million tonnes from the previously reported 20.1 million tonnes (2006 feasibility study). The net impact of higher throughputs and lower cut-off grade has resulted in an extended mine life of 13 years, while increasing previously reported robust cash flow.
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Establishing Bisha gold/base metal project cost controls for internal accounting and reporting
International Mining | June 9, 2009Skire, a leading provider of capital program, facilities and project portfolio management software, notes that Nevsun Resources (gold and base metal resources) has completed its deployment of Skire UnifierTM for use in its $250 million Bisha project in Eritrea. Unifier will provide comprehensive cost, document and schedule management capabilities, as well as advanced reporting, for [...]
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ANNOUNCEMENT
Orezone Completes the Sale of Sega to Cluff Gold for $26.5M
Orezone Gold Corporation (ORE:TSX) is pleased to announce that it has completed the sale of its Sega Gold Project ("Sega") in Burkina Faso to Cluff Gold plc (Cluff) for total consideration of approximately US$26.5M.
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