{"id":1855,"date":"2015-05-15T02:22:53","date_gmt":"2015-05-15T02:22:53","guid":{"rendered":"http:\/\/unitederitreamedia.com\/blog12\/?p=1855"},"modified":"2015-05-15T02:24:08","modified_gmt":"2015-05-15T02:24:08","slug":"eritrea-waves-the-mining-flag-menafn-proactiveinvestors-australia-13052015","status":"publish","type":"post","link":"https:\/\/unitederitreamedia.com\/blog12\/2015\/05\/15\/eritrea-waves-the-mining-flag-menafn-proactiveinvestors-australia-13052015\/","title":{"rendered":"Eritrea waves the mining flag MENAFN &#8211; ProactiveInvestors &#8211; Australia &#8211; 13\/05\/2015"},"content":{"rendered":"<p>&nbsp;<\/p>\n<table id=\"Table6\" border=\"0\" width=\"685px\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td class=\"newsDisp\" valign=\"top\">\n<div id=\"at_narrow_wrapper\" class=\"ISI_IGNORE\">\n<div><\/div>\n<div><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.menafn.com\/images\/gifs\/dots_at_narrow.gif\" alt=\"\" width=\"118\" height=\"1\" \/><\/div>\n<div id=\"at_narrow_inner\">\n<div align=\"center\"><\/div>\n<\/div>\n<div><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.menafn.com\/images\/gifs\/at_narrow_bot.gif\" alt=\"\" width=\"133\" height=\"3\" \/><\/div>\n<\/div>\n<div id=\"ContentPlaceHolder1_imgDiv\"><a href=\"http:\/\/www.menafn.com\/updates\/pr\/2015-05\/pa_7e327e02-a7ab-4f32-847b-ba06d225607eeritrea_358.jpg\"><img decoding=\"async\" id=\"ContentPlaceHolder1_story_image\" title=\"ProactiveInvestors - Australia\" src=\"http:\/\/www.menafn.com\/Charting\/Imager.dll?Image=\/updates\/pr\/2015-05\/pa_7e327e02-a7ab-4f32-847b-ba06d225607eeritrea_358.jpg&amp;width=200&amp;height=149&amp;Compression=80\" alt=\"\" \/><\/a><\/div>\n<div id=\"resizeableText\" class=\"newsDisp\"><\/div>\n<div class=\"newsDisp\">MENAFN &#8211; ProactiveInvestors)Eritrea has become an increasingly attractive address for mining investment since its independence 24 years ago with its attractive investment regime attracting 17 companies from China Russia UK and Australia.These include <a class=\"companyPopupTrigger\" href=\"http:\/\/www.proactiveinvestors.com.au\/companies\/overview\/1142\/SouthBoulderMines\" rel=\"1142\">South Boulder Mines<\/a> (<a class=\"companyPopupTrigger\" href=\"http:\/\/www.proactiveinvestors.com\/companies\/overview\/1142\/south-boulder-mines-1142.html\" rel=\"1142\">ASX:STB<\/a>) <a class=\"companyPopupTrigger\" href=\"http:\/\/www.proactiveinvestors.com.au\/companies\/overview\/190\/NevsunResources\" rel=\"190\">Nevsun Resources<\/a> (AMEX:NSU) Sunridge Gold Corporation (TSX: SGC) and China\u2019s SFECO.<\/p>\n<p>Eritrea has a long history of mining starting with colonisation period when Italy had established mining industry at Karora Debarewa and Augaro.<\/p>\n<p>It has a stable government with an educated and disciplined work force while benefitting from its location along the Red Sea which offers access to export markets.<\/p>\n<p>The country\u2019s mining laws ensures that the Eritrean people receive their fair and equitable share while including monitoring and strict adherence to internationally accepted practices ensuring safety and protection of the environment.<\/p>\n<p>About 60% of Eritrea is covered by sedimentary rocks that tend to host metallic minerals.<\/p>\n<p>These include gold silver copper zinc barite limestone granite and rare earth metals like tantalum and much more.<\/p>\n<p><strong>Companies<\/strong><\/p>\n<p>Australia\u2019s <a class=\"companyPopupTrigger\" href=\"http:\/\/www.proactiveinvestors.com.au\/companies\/overview\/1142\/SouthBoulderMines\" rel=\"1142\">South Boulder Mines<\/a> is currently completing the Definitive Feasibility Study for the Colluli Potash Project which is on track for delivery in the September 2015 Quarter.<\/p>\n<p>A Pre-Feasibility Study has already demonstrated highly favourable economic outcomes from Phase I of the project which has a Resource of 1.289 billion tonnes.<\/p>\n<p>Colluli also benefits from its location just 75 kilometres from the coast which makes it one of the most accessible potash deposits globally.<\/p>\n<p>Mineralisation starts at just 16 metres making the resource amenable to open cut mining methods.<\/p>\n<p>Substantial upside for the project exists from the exploitation of other contained products within the resource such as high purity rocksalt kieserite (magnesium sulphate) gypsum and magnesium chloride.<\/p>\n<p>Canada\u2019s Nevsun finished gold production in 2013 and is currently extracting copper while making preparation to extract zinc from Bisha one of the highest grade open pit copper mines in the world.<\/p>\n<p>The Zara Mining Share Company run by the Chinese company SFECO is expected to become Eritrea\u2019s next gold producer in 2016 followed by Canada\u2019s Sunridge.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Proactive Investors Australia is the market leader in producing news articles and research reports on ASX emerging companies with distribution in Australia UK North America and Hong Kong \/ China.<\/strong><\/p>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; MENAFN &#8211; ProactiveInvestors)Eritrea has become an increasingly attractive address for mining investment since its independence 24 years ago with its attractive investment regime attracting 17 companies from China Russia UK and Australia.These include South Boulder Mines (ASX:STB) Nevsun Resources (AMEX:NSU) Sunridge Gold Corporation (TSX: SGC) and China\u2019s SFECO. Eritrea has a long history of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"image","meta":{"_ml_titleColor":"#000000","_ml_titleFont":"Roboto","_ml_titleFontSize":1.1359999999999998987476601541857235133647918701171875,"_ml_titleFontWeight":"400","_ml_titleLineHeight":1.3000000000000000444089209850062616169452667236328125,"_ml_metaColor":"#708090","_ml_metaFont":"Montserrat","_ml_metaFontSize":0.67849999999999999200639422269887290894985198974609375,"_ml_metaFontWeight":"400","_ml_metaLineHeight":0.92000000000000003996802888650563545525074005126953125,"_ml_bodyColor":"#a9a9a9","_ml_bodyFont":"Open Sans","_ml_bodyFontSize":0.84999999999999997779553950749686919152736663818359375,"_ml_bodyFontWeight":"400","_ml_bodyLineHeight":1.1999999999999999555910790149937383830547332763671875,"_ml_wooPriceColor":"#666","_ml_wooPriceFont":"Open Sans","_ml_wooPriceFontSize":0.90000000000000002220446049250313080847263336181640625,"_ml_wooPriceFontWeight":"400","_ml_wooPriceLineHeight":1.270000000000000017763568394002504646778106689453125,"_ml_headingColor":"#000","_ml_headingFont":"Merriweather","_ml_headingFontSize":2.020000000000000017763568394002504646778106689453125,"_ml_headingFontWeight":"700","_ml_headingLineHeight":1.4699999999999999733546474089962430298328399658203125,"_mlglobal_userfontcolors":{"headingColorUser":[],"titleColorUser":[],"metaColorUser":[],"bodyColorUser":[],"wooPriceColorUser":[]},"_s2mail":"yes","footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.10 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Eritrea waves the mining flag MENAFN - ProactiveInvestors - Australia - 13\/05\/2015 - UNITED ERITREA MEDIA<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eritrea waves the mining flag MENAFN - ProactiveInvestors - Australia - 13\/05\/2015 - UNITED ERITREA MEDIA\" \/>\n<meta property=\"og:description\" content=\"&nbsp; MENAFN &#8211; ProactiveInvestors)Eritrea has become an increasingly attractive address for mining investment since its independence 24 years ago with its attractive investment regime attracting 17 companies from China Russia UK and Australia.These include South Boulder Mines (ASX:STB) Nevsun Resources (AMEX:NSU) Sunridge Gold Corporation (TSX: SGC) and China\u2019s SFECO. 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