Tag Archives: Zara EPC Contract

US$83.5 million to Fund Zara Gold Project

SFECO Group is one of the six massively investing Chinese companies in Eritrea
SFECO Group is one of the six massively investing Chinese companies in Eritrea

By TesfaNews,

Zara Mining Share Company (ZMSC) have entered in to an Engineering, Procurement and Construction (EPC) contract to commence construction work on the Zara Gold Project in Eritrea.

The EPC contract that amounts approximately $83.58 million for a two-year construction period was signed between ZMSC General Manager Mr. Michael P. Kelly and Mr. Zhang, CEO of Foreign Economic Group.

ZMSC is a joint venture company established between China SFECO Group (60%) and the Eritrean National Mining Corporation ENAMCO (40%).  Continue reading US$83.5 million to Fund Zara Gold Project