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Eritrea waves the mining flag

Rotainer loading Bisha concentrate for export



Eritrea waves the mining flag

By Proactiveinvestors

Eritrea has become an increasingly attractive address for mining investment since its independence 24 years ago with its attractive investment regime attracting 17 companies from China, Russia, UK and Australia.

These include South Boulder Mines (ASX:STB), Nevsun Resources (AMEX:NSU), Sunridge Gold Corporation (TSX: SGC) and China’s SFECO.

Eritrea has a long history of mining starting with colonisation period when Italy had established mining industry at Karora, Debarewa, and Augaro.

It has a stable government with an educated and disciplined work force while benefitting from its location along the Red Sea, which offers access to export markets.

The country’s mining laws ensures that the Eritrean people receive their fair and equitable share while including monitoring and strict adherence to internationally accepted practices ensuring safety and protection of the environment.

About 60% of Eritrea is covered by sedimentary rocks that tend to host metallic minerals.

These include gold, silver, copper, zinc, barite, limestone, granite and rare earth metals like tantalum and much more.

Companies

Australia’s South Boulder Mines is currently completing the Definitive Feasibility Study for the Colluli Potash Project, which is on track for delivery in the September 2015 Quarter.

A Pre-Feasibility Study has already demonstrated highly favourable economic outcomes from Phase I of the project, which has a Resource of 1.289 billion tonnes.

Colluli also benefits from its location just 75 kilometres from the coast, which makes it one of the most accessible potash deposits globally.

Mineralisation starts at just 16 metres, making the resource amenable to open cut mining methods.

Substantial upside for the project exists from the exploitation of other contained products within the resource such as high purity rocksalt, kieserite (magnesium sulphate), gypsum and magnesium chloride.

Canada’s Nevsun finished gold production in 2013 and is currently extracting copper while making preparation to extract zinc from Bisha, one of the highest grade open pit copper mines in the world.

The Zara Mining Share Company run by the Chinese company SFECO is expected to become Eritrea’s next gold producer in 2016, followed by Canada’s Sunridge.

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Eritrea waves the mining flag Reviewed by Admin on 12:05 AM Rating: 5

12 comments:

  1. Shine my country shine becouse your kids paid blood. Sweat. And tears your leadership is committed to improve the quality and life of his people longlive our president longlive our people awet nehafash zelalmawi zekhri nesmatatne alem goitom

    ReplyDelete
  2. https://www.youtube.com/watch?v=WRvvHAZiusc

    ReplyDelete
  3. Ata elel nebel, elel nebel, Eritrawi mequan edel iyu..anta men iyu kemaqa ata Hezbey, Ne qebur emru zeremarem, abza qenan alem..

    ReplyDelete
  4. Merhaba.......Merhaba Deki Halal Meriet. Here is your country stand tall and proud and here is your country shining brighter by the day for all to see.


    Yes Eritrea is endowed with natural resource. But here greatest resources are her hardworking, creative, talented, and steadfast people. That is the hidden strength of Eritrea.


    Long Live the dedicated Eritrean leadership and long live Shaebia.


    Eritreans, stay on course for the Promised Land is just around the corner.
    Happy Independence Day and Festival Season to you all!

    ReplyDelete
  5. ኣሌክ - Alec youMay 13, 2015 at 8:49 AM

    Here comes good-news to make the enemies weep. :) Thanks ***MADOTE***. Go Eri..Go Eri.......

    ReplyDelete
  6. min yemselale yehe eyut ema, yeman new kefo ensera fit!

    ReplyDelete
  7. https://www.youtube.com/watch?v=kejaPK4BA7s

    ReplyDelete
  8. ግርም ኤረና ከልቢ ይነሕ ገመል ጉዕዝኡ ይቅጽል

    ReplyDelete
  9. Mikhael MihretaebMay 13, 2015 at 3:23 PM

    Yes, brother cane, lets say elel!!!!!!
    The future of Eritrea is very bright. Ayni hasadt ydfenelna!

    ReplyDelete
  10. Mikhael MihretaebMay 13, 2015 at 3:24 PM

    Let our enemies cry.
    Long live Erena!!!!!!

    ReplyDelete
  11. ኣሌክ - Alec youMay 14, 2015 at 1:39 AM

    Indeed bro.

    ReplyDelete
  12. ኣሌክ - Alec youMay 14, 2015 at 1:41 AM

    Wat the f@ck is this hzi mzi crap?!

    ReplyDelete

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