Tag Archives: Mining Economy

Eritrea Building Mining Sector to Kick-start Economy

mining to spur eritrean economy
Eritrea is looking to its nascent mining industry to boost its economic growth as it expects to have four world class mines by 2018 producing gold, copper, zinc and potash.

By Edmund Blair | for Reuters,

Eritrea expects to have four mines in operation by 2018 producing gold, copper, zinc and potash as one of Africa’s poorest nations looks to build an industry that can kick-start its economy, a top mining official told Reuters.

Eritrea’s artisanal miners have long scratched for gold nuggets on deposits that stretch along the Red Sea, a geological formation known as the Arabian Nubian Shield, but the country currently has just one working commercial mine. Continue reading Eritrea Building Mining Sector to Kick-start Economy