Tag Archives: Eritrea Mining

Andiamo Exploration Raising Funds to Explore Eritrea Licences

Andiamo Resources undertaking exploration at Haykota and Yacob Dewar gold project licences in Eritrea.
Andiamo undertaking exploration at its Haykota and Yacob Dewar gold project licences in Eritrea.

BY MINING WEEKLY

Private UK-based junior miner Andiamo Exploration is seeking to raise $2 million to undertake exploration at its licences, in Eritrea, and continue the development of its mines.

Speaking at the Junior Mining Indaba, in Johannesburg, CEO Tim Williams on Thursday said the company, in which mineral exploration company Ortac Resources holds an 18.5% stake, was currently exploring the Haykota volcanogenic massive sulphide licence, which covered 271 km2. Continue reading Andiamo Exploration Raising Funds to Explore Eritrea Licences

Power Generation Bids for Colluli Finalized

Danakali Limited advised that all bids for power generation for the Colluli Project have been received and a comprehensive evaluation of the tenders has commenced. Evaluation of the bids from the shortlisted parties is expected to be completed by late April, after which the preferred service provider will be selected and commercial terms finalised.

BY DANAKALI LTD.

Danakali (ASX:DNK) has commenced evaluating all the received bids for power generation at the proposed world class Colluli potash project located in Eritrea.

The bidding process followed an expressions of interest phase which was completed in January.

Colluli is the most advanced greenfield sulphate of potash (SOP) development in the world and is making good progress towards construction. Continue reading Power Generation Bids for Colluli Finalized

The Real Bisha Mine Story No One Wants You to Know About

Journalist Martin Zimmermann, a profound expert on Eritrea, made a trip to the Bisha mine in Eritrea. He published his report on the German newspaper Spree Zeitung.

By Martin Zimmermann | for Spree Zeitung, (* Software translation)

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

Eritrea Approves Social and Environmental Impact Assessment for Colluli Potash Project

Critical milestone achieved for Mining License approvals

The Eritrean Ministry of Land, Water and Environment has accepted and approved the Social and Environmental Impact Assessment (SEIA) for the Colluli Project – key for mining license and project development approvals.

By Danakali Ltd.,

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.

The SEIA was submitted in April following a series of stakeholder engagements that were conducted post the completion of the definitive feasibility study (DFS), as announced on 30 November 2015. Continue reading Eritrea Approves Social and Environmental Impact Assessment for Colluli Potash Project

Delayed Commissioning of Zinc Phase Has Good Reason: Nevsun

There will be a one-month delay in the hot commissioning of the zinc phase. The zinc expansion remains on schedule and still under budget. Reason is, Nevsun got a pretty good deal for its precious metals stockpile and selling these stockpile will increase the cash position by $40-60 million this year.

By Seeking Alpha,

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 company has now released an update on its zinc expansion plans, and even though there seems to be a one-month delay, I will explain why this is not a bad thing.    Continue reading Delayed Commissioning of Zinc Phase Has Good Reason: Nevsun

Mining: Eritrea Digs Deep to Boost Economy

Eritrea’s hobbled economy will get a boost when new gold, copper and zinc mines begin production. Despite the commodity crisis, the government is banking on the sector to provide much-needed jobs. (Photo: Reuters)

By Mark Anderson | for The African Report,

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