VANCOUVER, July 5, 2018 /CNW/ - Nevsun Resources Ltd.
(TSX: NSU) (NYSE AMERICAN: NSU) ("Nevsun" or the "Company")
announces the release of its 2017 Corporate Social Responsibility
(CSR) Report titled "Core Growth". This is Nevsun's
seventh CSR Report, reflecting the Company's continued commitment
to transparency and accountability in our sustainability objectives
and aligning with our vision to maximize long-term community
benefits and shareholder value in the sustainable development of
mineral resources.
At our Bisha copper-zinc mine, we made significant advances on
environmental management, worker rights and community development
projects in 2017. At our Timok Upper Zone (Cukaru Peki)
project in Bor, Serbia, we have continued to develop CSR programs
that align with our business objectives and address the needs of
local communities. This includes developing a comprehensive land
acquisition and resettlement program that meets Serbian legal
requirements and complies with the International Finance
Corporation (IFC) Environmental, Health and Safety Guidelines
for Mining. We are creating local jobs, making community
investments, and enhancing our contractor and procurement policies
as important steps toward establishing ourselves as a valued
community presence.
In addition to these achievements, Nevsun's 2017 Corporate
Social Responsibility Report highlights areas in which sustained,
ongoing efforts will be made in 2018 and beyond. Including working
with government partners on a robust business strategy for
extending the life of the Bisha mine and, in Serbia, continuing to
work with key federal and local government decision-makers to
ensure we continue to build a strong, responsible business case for
our long-term presence in the country and continue to achieve
project timelines.
"Our relationships with local communities are critical to our
business and fundamental to our core values. We are committed to
sharing information, building relationships, and fostering trust,"
stated Nevsun President & CEO Peter
Kukielski.
To view our 2017 Corporate Social Responsibility Report, please
visit http://www.nevsun.com/responsibility/reporting/.
About Nevsun Resources Ltd.
Nevsun Resources Ltd. is the 100% owner of the high-grade
copper-gold Timok Upper Zone and 60.4% owner of the Timok Lower
Zone in Serbia. The Timok Lower Zone is a joint venture with
Freeport-McMoRan Exploration Corporation ("Freeport") which
currently owns 39.6% and upon completion of any feasibility study
(on the Upper or Lower Zone), Nevsun Resources Ltd. will own 46%
and Freeport will own 54%. Nevsun
generates cash flow from its 60% owned copper-zinc Bisha Mine in
Eritrea. Nevsun is well positioned with a strong debt-free
balance sheet to grow shareholder value through advancing Timok to
production.
NEVSUN RESOURCES LTD.
"Peter Kukielski"
Peter Kukielski
President & Chief Executive Officer
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SOURCE Nevsun Resources Ltd.