Business and Finance

Friday, 23 July 2010 22:50

Written by EritreaCompass

Chalice partners with Newmont to explore for gold in Eritrea

By: Esmarie Swanepoel

PERTH (miningweekly.com) – East Africa-focused Chalice Gold has agreed to form a joint venture (JV) with US-based gold major Newmont to explore for gold in Eritrea.

The proposed JV would see Chalice subsidiary Keren Mining and Newmont explore and evaluate regional gold opportunities over about 24 000 km² in the African country.

Chalice is already developing the 840 000-oz Koka Gold deposit, part of the Zara project in Eritrea.

Business and Finance

Tuesday, 15 June 2010 00:00

Written by EritreaCompass

News - May 14, 2010
Minesite.com Eritrea Is the New Frontier For Mining Companies, Even In Spite Of UN Sanctions
By Charles Wyatt

Not very often we start a mining article with a combined geography/history lesson, but in this case the only way to make sense of the recent moves by a number of mining companies into Eritrea is to understand exactly where the country is, what surrounds it, and what has been going on there. The region is described loosely as the Horn of Africa but a close look at a map shows that the real Horn juts out south of