What Happened?
Vancouver, -based Nevsun Resigned Joseph Giuffre as Chief Legal Officer
Date of management change: December 31, 2018
Vancouver, -based Nevsun Resigned Joseph Giuffre as Chief Legal Officer
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 partnership with Freeport-McMoRan Exploration Corporation ("Freeport") which currently owns 39.6% and upon completion of any feasibility study, 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. The Company is well positioned with a strong debt-free balance sheet to grow shareholder value through advancing Timok to production.
Joseph Giuffre is Chief Legal Officer at Nevsun. Previously, Joseph held various senior legal leadership roles in the industry.
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