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
E ssel 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
Money from sell of its Mogoraib Exploration license will enable NGEx Resources to develop its remaining deposit in Kerkebet
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 (the “Property”) in Eritrea. Mogoraib exploration license Continue reading NGEx Sells Hambok Project in Eritrea to Bisha Mining Share Company
Namibian Copper NL will now develop the Hambuk and Kerkebet projects in Eritrea
An Austarialian mining company, , has acquired two prime, advanced stage exploration projects that include Namibian Copper (ASX: NCO) Mogoraib River / Hambok project and Kerkebet Exploration Licences .
is located immediately along strike and to the south of the Bisha gold and copper mine. Mogoraib River contains a new high grade gold discovery at Kerkebet River 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