Social Responsibility Overview
Nevsun Resources Ltd, partnered with the Eritrean National Mining Corporation (ENAMCO) operates the Bisha Mine through its subsidiary Bisha Mining Share Company (BMSC), sustainable development with a focus on bringing tangible benefits to the local population. The impact of the Bisha Project is significant to the Eritrean economy which brings about the opportunity for training, employment, community support, supply chain enhancements and improved infrastructure.
The Bisha Project was developed in conformance with the 2006 IFC Performance Standards for Social and Environmental Sustainability as applied to non-IFC financed projects in accordance with the Equator Principles. The standards adopted by Bisha likewise reflect the standards of the two principle shareholders and are reflected in the social and environmental policies that form the fundamental basis upon which has been built the entire social and environmental development for the Bisha Project.
Social Responsibility
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The full development of Eritrea's resources is hindered by the limited availability of certain basic services including water, education, health, poor infrastructure and limited housing. Against this background, the population has a relatively young demographic and is engaged in the slow process of economic development following a long period of social and economic unrest.
BMSC, has embarked on a number of programs with the community and the local, regional and central government to ensure that the benefits of the Bisha Project are widespread and that the community is fully and properly engaged in development and operations. The philosophy of the central government is to ensure the entire country benefits from resource development and to ensure no one particular region is the recipient of disproportionate benefits.
