A Brief Overview of Eritrea
Eritrea is a country located in Eastern Africa, bordered by Sudan in the west, Ethiopia in the south and the Red Sea on the East.
Eritrea is a welcoming destination with a strong sense of pride in its economic development and improving infrastructure.
Asmara, the capital, boasts the most extensive collection of colonial architectural wonders in Africa, a result of its early Italian colonisation. A strong culture of Italian-inspired cuisine remains, along with Italian coffee and outstanding examples of Art-Deco architecture.
On the Red Sea Coast, the sultry town of Massawa is redolent with Islamic influence. It is also the starting point for visits to the Dahlak Islands, one of the least spoilt and least known reefs in the Red Sea. Southern Eritrea features a superb array of archaeological sites that recount volumes of history. Dankalia, to the south, is considered one of the most arresting places on earth and has a desolate magnetism. Eritrea’s nine colourful ethnic groups are diverse and individual, and its people are kind, hard-working and beguiling.
Why is Eritrea Capturing the Interest of International Mining Companies?
First and foremost, Eritrea possesses a geological setting that is favourable for both precious metals and base metal mineralisation, and recent exploration and artisanal activities have proved that gold and base metals are widespread in many parts of the country.
Secondly, the Eritrean government has committed to create a conducive atmosphere for foreign private investors, working together to secure social and economic progress.
The country is receiving significant international interest in its mining industry and as many as 12 foreign companies are now operating in the country looking at gold and base metal projects.
Chalice, and previously Sub-Sahara, has worked closely alongside the Eritrean government to build a strong and respectful relationship. Chalice currently employs a number of Eritrean locals, and aims to employ many more as the project progresses to ensure ongoing support and development of the local community and economy.
Please click here to view Mining Journal supplement on mining in Eritrea.
Fast Facts about Eritrea
- Time : GMT/UTC + 3
- Population : ~4 million
- Seasons : Cool (October-May), hot (June-September), wet (July-September)
- Capital : Asmara
- Languages : Tigrinya, Arabic and other regional languages
- Area : 124, 320 sq km
- Money : Nakfa; US$1 = Nfa15