Tag Archives: Eritrea Nevsun

Eritrea’s ‘Mining Friendly Environment’ Attracts More Investors

Investor and analysts December tour to Eritrea - Overlooking Bisha Main pit
Investors and analysts December tour to Eritrea – Overlooking Bisha Main pit

By Sam B.,

In late 2013, Sichuan Road and Bridge Group (‘SRBG’) announced that it has entered into a long-term agreement with the Eritrean National Mining Corporation (‘ENAMCO’) with respect to the development of a mining and exploration project, located in Eritrea.

Pursuant to the terms of the agreement, it is expected that SRBG will own 60% of a newly formed joint venture Company and ENAMCO will hold 40% interest. Continue reading Eritrea’s ‘Mining Friendly Environment’ Attracts More Investors