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Investor Relations |
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Nevsun in the Media
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April 30, 2008 - Nevsun featured in an article by
Proactive Investors. |
Ministry of Energy
and Mines and Bisha
Mining Corporation
sign agreement on
issuance of mining
license
By Staff
Dec 13, 2007, 14:24
|
Asmara, 12 December 2007 -
The Ministry of Energy and
Mines and the Bisha Mining
Share Corporation signed an
agreement on the issuance of
a mining license.
Speaking at the signing
ceremony, the Minister of
Energy and Mines, Mr. Tesfai
Gebreslasie, pointed out
that the agreement is
mutually beneficial for both
sides and fully complies
with the laws of Eritrea.
Expressing hope that the
Bisha Mining Corporation, as
the first corporation of its
kind in the country, would
undertake exemplary
activities, Mr. Tesfai
called on it to strive to
introduce technology and
professional skills to
Eritrea in accordance with
the agreement. He also
assured that the Eritrean
government would do its
level best to assist the
project.
The Manager of the
Corporation, Mr. Stanley
Rogers, on his part said
that the Corporation would
work diligently on the basis
of the agreement reached.
Expressing readiness to
transfer technological
advancements and skills to
Eritrea, he thanked the
Eritrean government for
extending the necessary
collaboration.
The agreement was signed by
Minister Tesfai Gebreslasie,
on the Eritrean side, and
Mr. Stanley Rogers, on the
Corporation side.
On the basis of the previous
agreement, the Eritrean
government would have 40%
ownership in the Bisha
Mining Corporation.
It is to be noted that the
Bisha Mining Corporation has
been set up by the Eritrean
National Mining Corporation
and the Nevsun Mining
Corporation of Canada. |
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