Eritrea: Chalice Gold Listed in Toronto Stock Exchange

Gold trades above $1,300 per oz

Matthew Hill – 26November 2010

Perth-based Chalice Gold, exploring for gold in Eritrea, listed on the TSX on Friday, and chairperson Tim Goyder predicted its Zara project would have a capital payback period of “slightly over two years” at a $1 200/oz gold price.

According to a feasibility study, the Koka deposit at Zara would produce an average 104 000 oz/y with low cash operating costs of $338/oz and an initial mine life of seven years.

“With these robust economics, Chalice has, in cooperation with the Eritrean government, commenced the permitting process for the Koka project to facilitate the grant of a mining licence to enable development to commence during 2011,” Goyder told shareholders on Thursday at Chalice’s annual general meeting in Perth.    Continue reading Eritrea: Chalice Gold Listed in Toronto Stock Exchange

Eritrean National Cycling Team Accorded Warm Welcome On Arrival Home

Eritrea: African Champions 2010

Asmara, 28 November 2010 – The Eritrean National Cycling Team, which scored outstanding victory in the African Championship and Rwanda Tour arrived Asmara in the morning hours today.

During the arrival of the National Team at the Asmara International Airport, the Commissioner of Eritrean Sports, Major Gen. Romodan Osman Awliay, Minister of Public Work, Mr. Abraha Asfaha and other officials handed them  flowers and accorded them warm welcome.

Garnering all the gold medals in the Rwanda Tour, the Eritrean National Cycling Team scored a unique history, and would participate cyclist Daniel Teklehaimanot in the London Olympic 2012.      Continue reading Eritrean National Cycling Team Accorded Warm Welcome On Arrival Home

Ethiopian Despot Warns Egypt off Nile war

"Look at this murderer", says Mubarak

ADDIS ABABA, Nov 23 (Reuters) – Egypt could not win a war with Ethiopia over the River Nile and is also supporting rebel groups in an attempt to destabilise the Horn of Africa nation, Ethiopian Prime Minister Meles Zenawi
said in an interview.

Egypt, Ethiopia and seven other countries through which the river passes have been locked in more than a decade of contentious talks driven by anger over the perceived injustice of a previous Nile water treaty signed in 1929.    Continue reading Ethiopian Despot Warns Egypt off Nile war

Ethiopia to Egypt: We've evidence on your sabotage

Ethiopia has maintained that it had evidence about Egypt’s support to rebels against the Addis government in order to secure the River Nile waters.

Egypt has denied the accusation.

Ethiopian Prime Minister was early this week quoted by Reuters news agency as saying that Egypt could not win a war with Ethiopia, hence Cairo’s strategy to support rebel groups to destabilise the
neighbouring state.          Continue reading Ethiopia to Egypt: We've evidence on your sabotage

Eritrea's national team wins tour of Rwanda, Daniel Teklehaimanot crowned 2010 champion

Daniel Teklehaimanot

ERITREA’s Daniel Teklehaimanot yesterday proved his class after winning the nine-stage tour of Rwanda in 29 hours, 2 minutes and 32 seconds.

On top of walking away with the coveted yellow jersey, the 21-year-old, who rides for Swiss club Chervelo Club, also won the orange jersey (best young rider) and green jersey for amassing the most points over the 1119.1km race.

Fellow compatriot Natnael Berhane Teweldemedhin was 56 seconds behind in second position, while South Africa’s Janse Reinardt took the final podium slot after using 29 hours, 4 minutes and 43 seconds.    Continue reading Eritrea's national team wins tour of Rwanda, Daniel Teklehaimanot crowned 2010 champion

Frekalsi Debesay takes solo win in Rwanda

Eritrean Cyclist in Rwanda

The fifth stage of the Tour of Rwanda was won by Eritrean solo Frekalsi Abrha Debesay. At the line he had left a nineteen seconds ahead of his compatriot Dawit Araya. Which was in turn in a sprint with three South African rapper than Jason Bakke and Moroccan Abdelati Sadoun.

The decor of the fifth stage there was a lot of dirt roads. This caused many large differences. Standings leader Adrien Niyonshuti lost over two minutes on Abrha Debesay, but could still narrowly retained his leader’s jersey. He had eight seconds, Tesfai Teklit (Eritrea).

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