Tag Archives: NGEx Resources

Essel (EGME) Targets Potash Licence in Eritrea

Essel Middle East acquire NGEx Resources Bada potash licence
ESSEL Middle East of India is now the new entrant for potash mining in Eritrea after acquiring Canadian company NGEx Resources’ Bada potash exploration licence

By MiningWeekly,

Essel Group India subsidiary, Essel Group Middle East (EGME) has continued its expansion into the African mining sector through the acquisition of Canadian company NGEx Resources’ Bada potash exploration licence, in Eritrea.

The company aimed to start the first phase of drilling at the little-explored 736 km2 mining area located in the Danakil Depression, about 150 km south-east of Eritrea’s capital city, Asmara, in October. Continue reading Essel (EGME) Targets Potash Licence in Eritrea

NGEx Sells Hambok Project in Eritrea to Bisha Mining Share Company

Money from sell of its Mogoraib Exploration license will enable NGEx Resources to develop its remaining deposit in Kerkebet

By Nevsun,

Nevsun Resources Ltd. (TSX: NSU / NYSE MKT: NSU) (“Nevsun”) is pleased to announce that the Bisha Mining Share Company (“Bisha”), a 60% owned subsidiary of Nevsun, has entered into an agreement (the “Agreement”) to acquire the Mogoraib exploration license (the “Property”) in Eritrea.  Continue reading NGEx Sells Hambok Project in Eritrea to Bisha Mining Share Company

Namibian Copper Acquires two Advanced Stage Exploration Projects in Eritrea

Namibian Copper NL will now develop the Hambuk and Kerkebet projects in Eritrea

By Proactive Investors,

An Austarialian mining company, Namibian Copper (ASX: NCO), has acquired two prime, advanced stage exploration projects that include Mogoraib River / Hambok project and Kerkebet Exploration Licences .

Mogoraib River is located immediately along strike and to the south of the Bisha gold and copper mine. Kerkebet River contains a new high grade gold discovery at Aradaib and is located along strike to the north of Bisha.  Bisha is operated by Nevsun (TSX: NSU), is capitalized at C$779 million and is the largest mining project in Eritrea.  Continue reading Namibian Copper Acquires two Advanced Stage Exploration Projects in Eritrea