Exploration started in liberated Eritrea in 1996 straight after the promulgation of the Mining Law. The level of participation by foreign companies has increased significantly following the discovery of the high-grade VMS deposit at Bisha.
There are more than 14 mining and exploration companies operating in Eritrea from Australia, Bermuda, Canada, China, Libya, the United Arab Emirates and the UK.
These companies collectively operate 34 projects. They include some advanced exploration sites (where mineral resources have been established, and, in some cases, where scoping level and feasibility studies are completed) to early-stage prospecting projects (where reconnaissance mapping is being carried out). Continue reading Exploration and Mining Companies Operating in Eritrea