Ambassador Cai Ge unveils the new, half-billion-dollar polymetallic mine project in Asmara. BY TESFANEWS Chinese ambassador to Eritrea, Cai Ge, cut the ribbon to officially inaugurate Eritrea’s new polymetallic mine – the Asmara project. The Asmara Mining Share Company, the holder of the Asmara Project in Eritrea, is a 60:40 joint venture between Chinese SRBM and […]
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BY NIZAR MANEK | BLOOMBERG A unit of Sichuan Road & Bridge Co. will start producing copper, zinc, gold and silver at a mine in Eritrea by early next year, helping diversify the country’s agrarian economy, a mines ministry official said.
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By Sunridge Gold, Sunridge Gold Corp. (the “Company” or “Sunridge”) (TSX.V: SGC/ OTCQX: SGCNF) is pleased to announce that Sichuan Road & Bridge Mining Investment Development Corp. Ltd. (“SRBM”) and the Company have completed the purchase and sale of Sunridge’s 60% interest in the Asmara Mining Share Company (“AMSC”) on April 26, 2016. Sunridge has […]
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By TesfaNews, The stocks of Nevsun Resources (TSE:NSU) and Sunridge Gold Corp (CVE:SGC) were huge yesterday, March 22, 2016 as their stocks showed an increase by 2.51% or $0.11 hitting $4.5 per share for Nevsun and an increase by 1.72% or $0.005, hitting $0.295 per share for Sunridge Gold. It was an up trending performance for both Eritrea based mining […]
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By Sunridge Gold, Sunridge Gold (SGC: TSX.V/SGCNF: OTCQX) has struck a US$65 million cash deal to sell its 60% interest in the Asmara Mining Share Company (AMSC), holder of the Asmara Project in Eritrea, to state-owned Sichuan Road & Bridge Mining Investment Development Corp. Ltd. (SRBM) for an upfront purchase price of US$65 million cash.
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By Alastair Ford | for Proactive Investors, “We’ve been involved in Eritrea since 2003,” says Sunridge Gold’s (CVE:SGC) Greg Davis. Indeed it was back in August of that year that the company first took an option on the Asmara and Debarwa copper-gold projects not far away from the Eritrean capital Asmara itself, right in the […]
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By Sunridge Gold, Sunridge Gold Corp. is pleased to announce that the Eritrean Ministry of Energy and Mines has awarded three mining licenses to the Asmara Mining Share Company (AMSC), a joint-venture company of which Sunridge owns 60% and the Eritrean National Mining Corporation owns 40%. These licenses cover a total area of 19.3 square […]
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By Kevin Michael Grace | The Gold Report It’s been a very active decade filled with milestones for Sunridge Gold, and now following the September signing of a comprehensive permitting agreement with its partner, the government of Eritrea, the Canadian junior is set to begin production in 2016. In this interview with The Gold Report, […]
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