Nevsun Resources Ltd. is a Canadian mining company that operates in the precious metals sector. The company's primary focus is on the exploration, development, and production of gold, silver, and copper deposits in various regions around the world. With a strong commitment to sustainability and responsible mining practices, Nevsun Resources has become a leader in the industry, implementing innovative solutions to reduce its carbon footprint and increase its use of renewable energy sources.
Decarbonisation is a key priority for Nevsun Resources, and the company has taken significant steps to reduce its greenhouse gas emissions. One of the ways the company has achieved this is through the use of renewable energy sources. In 2019, Nevsun Resources signed a power purchase agreement (PPA) with a local renewable energy provider in Eritrea, where the company operates the Bisha mine. The PPA will provide the mine with 30 megawatts of solar energy, which will reduce the mine's carbon emissions by approximately 20,000 tonnes per year.
Corporate energy management is another area where Nevsun Resources has made significant progress in reducing its carbon footprint. The company has implemented a number of energy-saving initiatives, such as the installation of energy-efficient lighting and the use of energy-efficient equipment. In addition, Nevsun Resources has implemented a corporate energy management system that tracks the company's energy use and identifies areas where improvements can be made.
Corporate PPAs are another way that Nevsun Resources is increasing its use of renewable energy sources. In addition to the PPA in Eritrea, the company has also signed a PPA with a local renewable energy provider in Serbia, where it operates the Timok copper-gold project. The PPA will provide the project with 18 megawatts of wind energy, which will reduce the project's carbon emissions by approximately 12,000 tonnes per year.
Nevsun Resources is committed to responsible mining practices, and the company has implemented a number of initiatives to ensure that its operations have a minimal impact on the environment. The company has implemented a water management plan that includes the use of recycled water and the treatment of wastewater before it is discharged into the environment. In addition, Nevsun Resources has implemented a biodiversity management plan that aims to protect and enhance the biodiversity of the areas where it operates.
In terms of its operations, Nevsun Resources has a number of projects in various stages of development. The company's flagship project is the Timok copper-gold project in Serbia, which is expected to begin production in 2022. The project has a measured and indicated resource of 31.5 million tonnes of copper and gold, and is expected to produce an average of 91,000 tonnes of copper and 136,000 ounces of gold per year over a 15-year mine life.
Nevsun Resources also operates the Bisha mine in Eritrea, which has been in production since 2010. The mine has a measured and indicated resource of 29 million tonnes of copper and gold, and is expected to produce an average of 225,000 ounces of gold and 60 million pounds of copper per year over a 12-year mine life.
In addition to its mining operations, Nevsun Resources is also committed to supporting the communities where it operates. The company has implemented a number of community development programs, such as the construction of schools and health clinics, and the provision of training and employment opportunities for local residents.
In conclusion, Nevsun Resources Ltd. is a Canadian mining company that operates in the precious metals sector. The company is committed to sustainability and responsible mining practices, and has implemented a number of initiatives to reduce its carbon footprint and increase its use of renewable energy sources. With a number of projects in various stages of development, Nevsun Resources is well-positioned to continue to be a leader in the mining industry.