October 15, 2013

Bisha Mining Announces First Shipment of Bisha Copper Concentrate

 

Highlights

·         First ocean shipment using the Rotainer loading system completed

·         11,000 tonnes copper concentrate shipped

·         Copper commercial production remains on-track for late 2013 or early Q1 2014

 

Bisha Mining Share Company (BMSC) is pleased to announce the first shipment of 11,000 tonnes of pre-commercial production copper concentrate from the new Bisha copper plant.  Commissioning and ramp up in mill throughput continues with commercial production on track for late 2013 or Q1 2014.

Cliff Davis, BMSC’s Chairman commented, “We are very pleased to see our first copper shipment from the docks at Massawa. We are especially thankful for the full support of our partner, the Eritrean National Mining Corporation, and the port authorities who have helped tremendously in making this happen.  The modern facilities, including the environmentally friendly Rotainer loading system worked very well indeed and we are ready for the next shipment later this month.”

 

Forward Looking Statements: The above contains statements regarding copper production, mine operations, and process recoveries.  Forward-looking statements are frequently, but not always, identified by words such as “expects,” “anticipates,” “believes,” “intends,” “estimated,” “potential,” “possible” and similar expressions, or statements that events, conditions or results “will,” “may,” “could” or “should” occur or be achieved.  Forward-looking statements are statements about the future and are inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements due to a variety of risks, uncertainties and other factors.  The Company’s forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made and the Company assumes no obligation to update such forward-looking statements in the future.

 

Bisha Mining Share Company

“Cliff T. Davis”

Cliff T. Davis
Chairman