Bisha Mining is an Eritrean company formed for the development and operation of the Bisha Mine in western Eritrea. It is owned by Nevsun Resources Ltd. (60%) and the Eritrean National Mining Corporation (ENAMCO) (40%).
The Bisha Mine is a high-grade copper, gold, silver and zinc mine that commenced production in February 2011. The Bisha Mine has received continuous support from the Eritrean government, who granted the Company's mining license in January 2008. The project is the first modern mine in Eritrea.
After two years of low cost gold production from oxide ore, the Bisha Mine transitioned to low-cost, high-grade copper production in 2013. At the end of 2016, commercial production was declared on a zinc expansion to the existing plant. The plant now produces both a zinc and copper concentrate.
Further resource potential exists at depth and from nearby discoveries within the Company's licensed areas.