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Mining and Exploration Activities in Eritrea by Yishak Yaried | A number of important milestones were achieved in the mineral sector in Eritrea since the last publication of this journal. These include among others the signing of Mining Agreements for the Koka gold ...
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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.
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· References:Shanghai Construction Group:https:// Koka Gold Mine Project Asmara Mining Conference - October 2014:
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Zara Mining Share Company General Information Description Operator of gold mines. The company is a gold focused mining company with a single operating mine under the name Koka Gold Mine located in Eritrea, North East Africa.
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· Drilling results from Chalice Gold Mines'' Zara gold project in Eritrea may put the spring back into its stock. Trevor Hoey Updated Jun 8, 2010 – 9.48am, first published at Mar 31, 2010 – 10 ...
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Canadian gold junior, Visible Gold Mines (CVE:VGD), says the $383,000 unsolicited bid by Zara Resources (CNSX:ZRI) is "high opportunistic". Zara announced today that is attempting to acquire ...
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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.
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T he Koka gold mining project, located within the Zara project area in Eritrea and operated by Zara Mining Share Company (ZMSC), have started commercial production of gold. ZMSC, a joint venture company established between China SFECO Group (60%) and the Eritrean National Mining Corporation ENAMCO (40%), have already sent its first gold pour to China worth millions of dollars.
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· Eritrea has established a new mining code, and with gold mining now occurring in the area, the country has extra incentive to promote political stability to attract more investment. Eritrea''s mining law sets the government''s stake in any mining project at …
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Zara Mining SC covering an area totalling 575 km2 situated in northern Eritrea, approximately 160 km northwest of Eritrea''s capital, Asmara and was owned 60 per cent by Chalice and 40
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· First gold pour by Zara Mining Share Company is targeted on the third quarter of 2015 By Asmara Mining Journal, T he 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.
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· (Bantolo ) - Chalice Gold Mines Limited announced it is ramping up regional exploration at its Zara Gold Project in Eritrea, East Africa, with a focus on identifying new prospects to increase resources in the vicinity of its flagship Koka Gold Deposit, which hosts ...
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Chalice Gold Mines'' (ASX: CHN/TSX: CXN) sale of the Zara gold project for a combined $114 million in Eritrea is good news for Chalice shareholders as well as for companies in Eritrea such as South ...
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· In April 2012 Australia-based Chalice gold announced plans to sell its stake in Eritrea''s Zara gold mining project to Shanghai -based China SFECO …
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Eritrean Business News: Chalice Gold Mines Limited (TSX:CXN)(ASX:CHN) today announced it is ramping up regional exploration at its Zara Gold Project in Eritrea, East Africa, with a focus on identifying new prospects to increase resources in the vicinity of its ...
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· (Bantolo ) - Chalice Gold Mines Limited announced it is ramping up regional exploration at its Zara Gold Project in Eritrea, East Africa, with a focus on identifying new prospects to increase resources in the vicinity of its flagship Koka Gold Deposit, which hosts ...
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· Eritrea''s second modern commercial gold mine going operational By TesfaNews, The Koka gold mining project, located within the Zara project area in Eritrea and operated by Zara Mining Share Company (ZMSC), have started commercial production of gold. ZMSC, a joint venture company established between China SFECO Group (60%) and the Eritrean National Mining Corporation …
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· Chalice Gold Mines Ltd., an Australian explorer for the metal, expects China SFECO Group to complete an $80 million purchase of its stake in Eritrea''s Zara mine by August ...
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Chalice Gold Mines (CXN-T, CHN-A) could potentially sell its 60% stake in the Zara gold project in northern Eritrea.
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Eritrean Business News: Chalice Gold Mines Limited (TSX:CXN)(ASX:CHN) today announced it is ramping up regional exploration at its Zara Gold Project in Eritrea, East Africa, with a focus on identifying new prospects to increase resources in the vicinity of its ...
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Global gold company Chalice Gold Mines has upgraded the regional exploration potential at its 80%-owned 944 000-oz Zara gold project, in Eritrea, East Africa, after completing the first phase of a ...
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The Koka Gold Mining project in Eritrea is one of the few mining projects that are owned by Chinese companies. Its operator, the Zara Mining Share Company (ZMSC), is a Gold focused company owned 60% by China SFECO Group, which is a subsidiary of Shanghai Construction Group and 40% by Eritrean State mining company ENAMCO.
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· (Bantolo ) - Chalice Gold Mines Limited announced it is ramping up regional exploration at its Zara Gold Project in Eritrea, East Africa, with a focus on identifying new prospects to increase resources in the vicinity of its flagship Koka Gold Deposit, which hosts ...
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· Shanghai Construction will acquire a 60 percent equity stake in Zara Mining Share Co. for $80 million, the statement said, citing a framework agreement signed by the two companies.
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Ownership Alpha. Area = 1,028km². Four (4) areas of Colonial (Italian) workings currently identified. Seven (7) Artisanal gold mining Prospects currently identified. Located in highly prospective Nakfa Terrain rocks (hosts Bisha, Hambok and Zara deposits). On
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Chalice Gold has agreed to sell its 60 percent interest the Zara gold project in Eritrea to China SFECO Group for $100-million. The sale will enable Chalice to pursue other mining opportunities in ...
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· He has also led several mining companies in the Horn of Africa, such as Sun Peak Resources, which explores gold and copper in Shire, a concession in northern Ethiopia not far from Kerkasha. Alpha CEO Alasdair Smith, a New Zealander geologist resident in Asmara, is the former boss of Sub-Sahara Resources, which discovered Eritrea''s Zara gold mine, now operated by China …
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· Drilling results from Chalice Gold Mines'' Zara gold project in Eritrea may put the spring back into its stock. Trevor Hoey Updated Jun 8, 2010 – 9.48am, first published at Mar 31, 2010 – 10 ...
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Zara Mining Share Company General Information Description Operator of gold mines. The company is a gold focused mining company with a single operating mine under the name Koka Gold Mine located in Eritrea, North East Africa.
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PERTH, Western Australia, Jan. 16, 2012 /PRNewswire/ – Chalice Gold Mines (ASX: CHN; TSX: CXN) is pleased to announce that its 60 per cent-owned subsidiary, Zara Mining Share Company ("ZSMC") has been granted two Mining Licences c overing the high
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China''s Sichuan Road & Bridge Mining Investment Development Corp. is gearing up to kick off copper, zinc, gold and silver production in Eritrea next year, following the country''s recent end to ...
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Global gold company Chalice Gold Mines has upgraded the regional exploration potential at its 80%-owned 944 000-oz Zara gold project, in Eritrea, East Africa, after completing the first phase of a ...
Get price
· References:Shanghai Construction Group:https:// Koka Gold Mine Project Asmara Mining Conference - October 2014:
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There are currently only two mines in operation in Eritrea: gold, copper and zinc mine Bisha, which is 60% owned by Nevsun Resources, and gold mine Zara, which is 60% owned by Shanghai Sfeco Group of China. In 2018 however, the UN arms embargo was
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Chalice Gold Mines'' (ASX: CHN/TSX: CXN) sale of the Zara gold project for a combined $114 million in Eritrea is good news for Chalice shareholders as well as for companies in Eritrea such as South ...
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Eritrea: Company starts production of gold for sale Posted by admin on Sunday, January 24, 2016 Leave a Comment T he Koka gold mining project, located within the Zara project area in Eritrea and operated by Zara Mining Share Company ZMSC, upon
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Chalice Gold Mines'' (ASX: CHN/TSX: CXN) sale of the Zara gold project for a combined $114 million in Eritrea is good news for Chalice shareholders as well as for companies in Eritrea such as South ...
Get price
Eritrea has established a new mining code, and with gold mining now occurring in the area, the country has extra incentive to promote political stability to attract more investment.
Get price
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.
Get price
· He has also led several mining companies in the Horn of Africa, such as Sun Peak Resources, which explores gold and copper in Shire, a concession in northern Ethiopia not far from Kerkasha. Alpha CEO Alasdair Smith, a New Zealander geologist resident in Asmara, is the former boss of Sub-Sahara Resources, which discovered Eritrea''s Zara gold mine, now operated by China …
Get price