Tag Archives: Zara Mining

Mining Companies’ Exhibition at Festival Eritrea 2015

exhibition of mining companies in Eritrea
Eight mining companies operating in Eritrea organized their own exhibition inside the expo grounds during this year’s annual Festival

By Mela Ghebremedhin | Eritrea Profile,

Festival Eritrea – held annually in the first week of August in Asmara (and at times in some major Eritrean cities) – generally offers a wide spectrum of exhibitions. In this sense, the diversity of the programmes is conducive for accommodating both young and older generations while the traditional dishes and beverages on offer add flavour to the whole setting. Continue reading Mining Companies’ Exhibition at Festival Eritrea 2015

Zara Mining Share Company Developing Eritrea’s Next Gold Mine

First gold pour by Zara Mining Share Company is targeted on the third quarter of 2015

By Asmara Mining Journal,

The Koka gold deposit, located within the Zara Project area of northern Eritrea is being developed by he Zara Mining Share Company (ZMSC), a joint Venture between ENAMCO and the SFECO Group (SFECO), a subsidiary of Shanghai Construction Group Co. Ltd.

SFECO purchased its 60% interest in the Zara Project from Chalice Gold Mines in November 2012 for a total of US$80 million; inclusive of a deferred payment of US$2 million on first gold pour at the Koka Gold Mine. Continue reading Zara Mining Share Company Developing Eritrea’s Next Gold Mine