Chinese construction equipment manufacturer LiuGong has successfully delivered its latest procurement to the State of Eritrea through Masswa port and this time with 197 new and modern buses, fire trucks, cargo trucks, cranes, dozers, fuel, and water tankers. The LiuGong brand luxury buses are getting the preferred brand for the urban public transport system in […]
Continue ReadingBy TesfaNews, CHINESE investment group SFECO this week announced that mine construction work at the Zara gold project in Eritrea entered a smooth 200 days. In comparison to the Bisha mine, the Zara Gold project is found in a mountainous terrain with some unfavorable natural factors. However, the company said it achieved to complete the fundamental structures needed for the […]
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BY TESFANEWS China SFECO group, a subsidiary of Shanghai Construction Group Co. Ltd., held a groundbreaking ceremony in Eritrea to undertake different agriculture-related plants worth US$ 100 million. The massive Engineering, Procurement, and Construction project will constitute the construction of three cold food storages in three different sites; an aluminum can manufacturing plant, and a […]
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Chalice Gold turned Red after selling its lucrative Zara Gold Deposit in Eritrea to China BY CHALICE GOLD MINES, Chalice Gold Mines Limited (ASX: CHN/TSX: CXN) is pleased to announce that it has today completed the sale of the Zara Gold Project in Eritrea to China SFECO Group for US$78 million plus a deferred payment of […]
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BY TESFANEWS The increasingly aggressive Chinese investment group in Eritrea, SFECO, again won the second phase of supplying various machinery and equipment worth 61.54 million USD. It also won another multi-million dollar EPC contract for Hirgigo Power Plant 2*23MW Extension project. Eritrea’s ambassador to China, Mr. Tsegai Tesfazion and Vice-President of China SFECO Group, Mr. […]
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