In the hunt for coveted raw materials, not only the environment is often destroyed, especially in developing countries. Human rights also remain on the line. Child labor in contaminated and unsafe pits is just as much a part of the forced expropriation of peasants who are expelled from their country. International investors, with cunning and trickery – and often also by means of corruption – find every gap in avoiding taxation in order to generate as much profit as possible outside the country. Continue reading The Real Bisha Mine Story No One Wants You to Know About→
Danakali Limited (ASX:DNK) is pleased to announce that the Eritrean Ministry of Land, Water and Environment has accepted and approved the Social and Environmental Impact Assessment (SEIA) for the Colluli Potash Project.
Copper and zinc haven’t really been popular in the market lately, but I was still curious about how Nevsun Resources (NYSEMKT:NSU) was doing, as this copper producer in Eritrea is converting itself to be a zinc producer from next year on.
The evening sun casts a glow over the Bisha mine as the last dump trucks of the day climb up gravel tracks on their way to a refinery, where copper and zinc ore will be processed and shipped off for sale on the world market. This is Eritrea’s first operational mine and the government hopes that three more will jump-start the economy when they come online in the next two years. Continue reading Mining: Eritrea Digs Deep to Boost Economy→