00:44:06 EDT Sat 27 Apr 2024
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Nevsun Resources Ltd
Symbol NSU
Shares Issued 301,029,723
Close 2016-11-29 C$ 4.24
Market Cap C$ 1,276,366,026
Recent Sedar Documents

Nevsun sees largest suit yet over Bisha labour

2016-11-30 10:32 ET - Street Wire

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by Mike Caswell

Just weeks after a judge in Vancouver allowed a lawsuit by three Eritreans to proceed against Nevsun Resources Ltd. over slave labour accusations, 27 more Eritreans have filed a similar claim in the Supreme Court of British Columbia. They claim that they too were forced to build the company's Bisha mine. Like the others, they are asking the courts here to order Nevsun to make restitution.

The new lawsuit follows a ruling in which a judge allowed the prior lawsuit to go ahead in B.C. despite jurisdictional questions. Nevsun had sought to have the matter dismissed, saying that the B.C. courts were not the proper venue to hear the case. The suit would be much better heard in Eritrea, where the alleged forced labour occurred, the company had contended. The case would require many witnesses who live in Eritrea and do not speak English.

Unfortunately for Nevsun, the judge did not see it that way. In an Oct. 7, 2016, ruling Justice Patrice Abrioux found that the men would not receive a fair trial in Eritrea. The judge cited questions about the independence of the country's judiciary. Nevsun is appealing that decision.

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"...Wages for the group, as described in the suit, amounted to the equivalent of $30 (U.S.) to $90 (U.S.) per day. If they were sick, they would not receive their pay..."

Let's hope that Christy Clark's subscription to Stockwatch is up to date. At today's conversion rate of $1.34, that top daily pay of $90.00 (U.S.) works out to $120.60 for an eight-hour day, or $15.07 per hour.

BC's minimum wage, pre-September, 2016, was $10.40 per hour (and minimum wagers in BC don't get paid for sick days either).

I'll bet that Nevsun's HR department is going to be inundated with calls from BCers attracted by that high rate.

Hmmm, BC Liberals, take note.

BC's minimum wagers aren't likely to vote Liberal, so the more who go to Eritrea, the better the lock for the reigning party.

???? ?? ?? ?????

Posted by harpinder at 2016-11-30 14:45


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