http://www.miningweekly.com/article/nevsun-unfazed-by-unreliable-power-at-bisha-plant-2014-12-08
Nevsun unfazed by unreliable power at Bisha plant
8TH DECEMBER 2014 BY: HENRY LAZENBY
TORONTO (miningweekly.com) – Eritrea-focused copper producer Nevsun
Resources was unaffected by power supply issues that had forced a temporary
halt in concentrate production at its flagship Bisha mine.
Vancouver-based Nevsun reported that the 27-generator-strong
third-party-supplied power plant was undergoing routine maintenance when it
failed to reliably restart this week.
Nevsun noted that despite the power outages, mining operations continued at
full capacity and Bisha continued to truck and export stockpiled
concentrates.
The company had already achieved its full-year production guidance of
between 180-million pounds and 200-million pounds of copper in concentrate
and the plant interruption did not have a negative impact on the company’s
2014 financial results, as it would draw down and sell from stockpiled
concentrate inventories.
Bisha’s diesel power plant is provided by Aggreko Power Systems.
Recently, Aggreko replaced nine of the 27 generators as part of scheduled
maintenance of the plant. Nevsun said that Aggreko had now sent to the
Bisha site the appropriate resources and technical personnel to assess and
correct the problem.
The company’s TSX-listed stock was trending negatively on Monday, changing
hands at C$4.30 apiece in afternoon trading.
Received on Tue Dec 09 2014 - 06:57:54 EST