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The economy of Eritrea has experienced considerable growth in recent years, indicated by an improvement in gross domestic product (GDP) in October 2012 of 7.5 percent over 2011. However, worker remittances from abroad are estimated to account for 32 percent of gross domestic product. Eritrea has an extensive amount of resources such as copper, gold, granite, marble, and potash.
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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 10 percent with an option to buy a further 30 percent. Mining For Truth At Nevsuns ...
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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 and the Harena deposits, the completion of a Feasibility Study for the Debarwa deposit and Pre-feasibility Study for the Asmara ...