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Russia’s Ketina Mining to Focus on Gold and Base Metal Deposits in Eritrea

Ketina Mining Share Company is the first Russian-Eritrean joint venture mining company in Eritrea
Ketina Mining SC is the first Russian-Eritrean joint venture in Eritrea

By TesfaNews,

RUSSIAN companies have picked up their activity levels in Eritrea in terms of mineral exploration. At the end of August last year, a subsidiary of Gazprombank (GPB) (RTS: GZPR), Ketina Mining, registered in Eritrea in order to study potential gold and copper mining projects.

The company later entered into a joint venture with Eritrean State mining company ENAMCO to become the first Russian-Eritrean Mining Share Company.

Ketina Mining Share Company holds an area of 1000 km2 exploration license in Gash Barka region, Molki sub region. The area is located South-West of Asmara.

Basement rock in Eritrea covers more than 60% of the surface of the country. Continue reading Russia’s Ketina Mining to Focus on Gold and Base Metal Deposits in Eritrea