Tag Archives: Mining Agreement

CMSC Signs Mining Agreement with Eritrean Government

Mining Agreement between Colluli mining share company and Eritrea
The Agreement area covers approximately 100km2 and covers the entire Colluli resource which includes a JORC-2012 Mineral Resource estimate of 1.3 billion tonnes of potassium bearing salts, an Ore Reserve estimate of over 1.1 billion tonnes, a rock salt Mineral Resource estimate of over 300 million tonnes and a kieserite (magnesium sulphate) Mineral Resource estimate of over 80 million tonnes.

By Danakali Ltd,

Danakali Limited (ASX:DNK) is pleased to announce that the Colluli Mining Share Company (“CMSC”) has entered into a Mining Agreement with the Eritrean Ministry of Energy and Mines.

CMSC is a 50:50 Joint Venture between Danakali Limited and the Eritrean National Mining Corporation (“ENAMCO”) and owns 100% of the world class Colluli Potash Project. Continue reading CMSC Signs Mining Agreement with Eritrean Government

Sunridge Announces US$32 Million 2015 Budget for Asmara Project

The Asmara project, which has a three phase start-up plan, is focused on bringing the project to production in Q4 2015.

By Sunridge Gold,

SUNRIDGE Gold Corp. (the “Company” or “Sunridge”) (SGC: TSX.V/SGCNF: OTCQX) is pleased to provide a summary of the planned activities in 2015 for the Asmara Project, Eritrea.

The Asmara Project is owned and operated by the Asmara Mining Share Company (“AMSC”) which is owned 60% by Sunridge and 40% by Eritrean National Mining Corporation (“ENAMCO”).  AMSC expects to achieve several key milestones over 2015 to meet its goal of commencing mining operations in the fourth quarter of 2015. Continue reading Sunridge Announces US$32 Million 2015 Budget for Asmara Project