Tag Archives: Ethiopia Mining

Ethiopia Accuses Allana Potash for Tax Evasion

 Allana Potash accused of tax evasion in Ethiopia
Ethiopia’s Prime Minister accused the Canadian junior miner Allana Potash Corp. (TSX:AAA) of tax evasion. Allana Potash and the Israeli company that acquired its Ethiopia potash projects, denied the claim. 

By Kaleyesus Bekele | for Ethiopian Reporter,

Prime Minister Hailemariam Dessalegn on Monday accused Allana Potash, the Canadian company which was engaged in potash mineral exploration and development project in the Afar Regional State, of tax evasion.

In a press conference held in his office on Monday morning Prime Minister Hailemariam was asked about the state of the Ethiopian mining sector and the exit of prominent mining companies such as Allana Potash and Israel Chemicals Ltd (ICL). Continue reading Ethiopia Accuses Allana Potash for Tax Evasion

Third Asmara Mining Conference to be Conducted

Gold rich Red Sea state of Eritrea to hold its third annual mining conference from 2 – 6 October 2012

By Ministry of Energy and Mines,

In an attempt to promote sustainable exploration and mining activities in the country and the Arabian-Nubian Shield region, the Ministry of Energy and Mines is organizing the Third Asmara Mining Conference dubbed as “Asmara GeoCongress 2012”  from 2 – 6 October 2012, in Asmara.

As part of the Arabian Nubian Shield, Eritrea is now being acknowledged for its substantial mineral potential that ranges from VHMS polymetallic deposits associated with NeoProterozoic rocks of this Shield, to epithermal gold and Potash deposits in the younger Red Sea Rift-related sedimentary Continue reading Third Asmara Mining Conference to be Conducted

Sixty Percent of the $100m Worth Copper Plant in Eritrea Committed

The Bisha Mine in Eritrea, with 12+ years of current reserves, ranks as one of the highest grade open pit mines in the world.

Copper Concentrate is blended and trucked 340 km to the Port of Massawa on the Red Sea for bulk export to copper smelters worldwide

By Nevsun,

Nevsun Resources Ltd.  is pleased to advise that the Bisha Mine copper expansion project (“project”) is proceeding well against schedule and budget.

The Bisha copper expansion project will expand ore processing capacity from 2.0 to 2.4 million tonnes per year and convert from gold/silver doré to copper concentrate production. Annual run-rate copper production is expected to be 180 million pounds of payable metal per year, in concentrate with significant gold and silver by-product credits.  Continue reading Sixty Percent of the $100m Worth Copper Plant in Eritrea Committed