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Nov 6, 2014 The Koka gold deposit, located within the Zara Project area of northern Eritrea is being developed by he Zara Mining Share Company (ZMSC), a joint Venture between ENAMCO and the SFECO Group (SFECO), a subsidiary of Shanghai Construction Group Co. Ltd.
Oct 4, 2015 Part of the past limitation in mineral exploration in Eritrea was due to border wars between Ethiopia and Eritrea. While these concerns still persist, they have lessened. Eritrea has established a new mining code, and with gold mining now occurring in the area, the country has extra incentive to promote
Eritrea has a Far history of gold mining. Early gold mines in the country were artisanal miners, mined gold from gold deposits along the route of the Red Sea, especially around the Arabian Nubian Shield. As part of Empire of Ethiopia.This country never had the influence of white colonialists and so most of its resources have
Mar 22, 2015 Media reports from East Africa on Saturday claimed that a gold mine partly owned by Canadian company Nevsun Resources (NYSE:NSU, TSX:NSU) was hit by Ethiopian fighter jets. At least two media outlets confirmed the report, including Tigrai Online, an Ethiopian daily news site which stated that the
Gold is Ethiopia's main mineral export and has been mined since ancient times, primarily as alluvial or free gold. At present, Ethiopia has a single large scale gold mine, Lega Dembi, in the southern area of the country, owned by Midroc (98%) and the Ethiopian government (2%). Another advanced project exists at Tulu Kapi
Feb 26, 2016 Eritrea is on the move to expand its mining operations by 2018 to produce gold, copper, zinc and potash as it looks to open up more industries to diversify its economy. Many investors have been worried about the threat from Ethiopia over a boundary war. The African Development Bank estimates growth
Feb 26, 2016 Eritrea expects to have four mines in operation by 2018 producing gold, copper, zinc and potash as one of Africa's poorest nations looks to build an The government says the threat from Ethiopia, from which it won independence in 1991 and fought a border war in 1998 2000, makes investors wary.