|
|
| |
|
|
Chinese Miner to Start Copper Output in Eritrea-2019 China(Guangzhou)Int’l Non-Ferrous Metal（Copper）Exhibition
8/28/2018 有色金属展-Copper exhibition -non-ferrous metals expo |
--------------------------------------------------------------------------------------------------------------- |
|
Bloomberg reported that a unit of Sichuan Road & Bridge Co will start producing copper, zinc, gold and silver at a mine in Eritrea by early next year, helping diversify the country’s agrarian economy. The project will add to two operating mines in the Horn of Africa nation, which is reemerging as an investor destination after a rapprochement with neighboring Ethiopia last month ended two decades of political tensions.
Sichuan Road & Bridge Mining Investment Development Corp. bought 60 percent of the Asmara Mining Share Co. for $65 million from Sunridge Gold Corp. in 2016. Eritrea’s government owns the remaining 40 percent of AMSC, which plans to mine four deposits outside the capital, Asmara, known as Emba Derho, Adi Nefas, Gupo and Debarwa.
Mr Alem Kibreab, director-general of mines in the Energy and Mines Ministry, said in an interview in Asmara said that “We expect by the first quarter of 2019 it will start. Operations will be in phases: the first phase will be direct shipments of high-grade copper ore.”
The mine is expected to have a life of 17 years, producing an estimated 381,000 metric tons of copper, 850,000 tons of zinc, 436,000 ounces of gold and 11 million ounces of silver, according to a ministry presentation provided by Alem.
Eritrea has two producing mines Bisha, which produces gold, copper and zinc and is 60 percent owned by Nevsun Resources Ltd and the Zara gold mine 60 percent owned by Shanghai Sfeco Group of China. Construction of another mine, the Colluli potash mine jointly owned by Australia’s Danakali Ltd. and the government, is expected to start later this year.
有色金属展-铜材展-2019年广州国际有色金属工业（铜业）展览会
-2019 China(Guangzhou)Int’l Non-Ferrous Metal（Copper）Exhibition
-Non-Ferrous Metal exhibition, 2019
Non-Ferrous Metal exhibition, Non-Ferrous Metal expo, 2019 Non-Ferrous Metal
expo, Copper exhibition, Copper expo, 2019 Copper exhibition, 2019 Copper expo,
China Copper exhibition, China Copper expo
|
|
|
|
|
