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.
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 main plant.
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 millionplus a deferred payment of US$2 million upon commencement of commercial production at the Koka Gold Mine.